Mar. 12 at 11:06 PM
$MREO A significant regulatory change is coming on March 18, 2026. Under the "Holding Foreign Insiders Accountable Act," all Mereo directors and officers will be required to file Form 3, 4, and 5 reports moving forward. This will provide unprecedented transparency into their daily trading activity starting next week. The End of the "Foreign Loophole"
Historically, directors and officers of foreign companies listed in the US (like Mereo, which is based in the UK) were exempt from Section 16 of the Exchange Act.
The Old Way: If a Mereo director bought or sold shares, they only had to report it to the UK's Financial Conduct Authority (FCA). US investors often had to go hunting through foreign filings to find out what was happening.
The New Way (March 18, 2026): The SEC is forcing foreign insiders to use the same Form 3, 4, and 5 system as US companies like Apple or Tesla.
