Cannell’s Filing Sloppiness Highlights Confusing SEC Disclosure Rules

The firm says its late filings are simply down to an administrative error, but it’s one that could trip up other managers if they aren’t careful.

J. Carlo Cannell has a punctuality problem, but not the type that causes people to wait for him at the corner an hour after they were supposed to meet him.

Rather, the Princeton graduate – who founded his Jackson, Wyoming-based long-short equity firm, Cannell Capital, in 1992 – seems to file some of his regulatory forms much later than he is required to.

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