Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Regulation FD vs SEBI material event disclosure
Regulation FD vs material event disclosure: the US rule levels selective leaks, SEBI LODR Reg 30 compels disclosure on a clock. Both compared. Not advice.
What is say-on-pay? (2026)
Say-on-pay is the shareholder advisory vote on executive pay required by SEC Rule 14a-21. Here is how often it runs and where to read the result. Not advice.
What is a golden parachute? (2026)
A golden parachute is pay an executive receives on a change of control. SEC rules require it to be tabled in the deal proxy and put to a vote. Not advice.
Say-on-pay vs golden parachute vote
Say-on-pay vs golden parachute vote: one is the recurring vote on executive pay, the other a deal-specific vote on change-of-control pay. Not advice.
What is a Form BD filing? (2026)
Form BD is the SEC application a firm files to register as a broker-dealer. Here is what it discloses, the 45-day clock, and how to look a firm up.
Form BD vs Form ADV: broker vs adviser
Form BD vs Form ADV: Form BD registers a broker-dealer under the Exchange Act, Form ADV registers an investment adviser. Different systems too. Not advice.
What is an ADR? American Depositary Receipt
An ADR, or American Depositary Receipt, lets a foreign company's shares trade on US markets in dollars. What it is, the levels, and who issues it. Not advice.
What is a GDR? Global Depositary Receipt
A GDR, or Global Depositary Receipt, lets a company raise money abroad on a foreign exchange. What it is, and how it differs from an ADR. Not advice.
What is a tender offer? SEC rules explained
A tender offer is a public bid to buy shareholders' shares at a set price and time. How it works, the SEC filings involved, and the 20-day rule. Not advice.
What is a SPAC? Blank-check company explained
A SPAC is a shell company that raises money in an IPO to buy a private company and take it public. How it works, the trust account, and de-SPAC. Not advice.
ADR vs GDR: the difference for Indian companies
ADR vs GDR difference: where each lists, and how SEBI's depository receipt framework and the shareholding pattern treat both for Indian companies. Not advice.
Tender offer vs open offer: US and India
Tender offer vs open offer: the tender offer and India's SEBI open offer both buy shares from holders. How the trigger, rules, and filings differ. Not advice.
The Smart Money Digest
A free weekly email of notable disclosure activity — every line with its filing date and source link. No advice, just filings. Unsubscribe anytime.