(from NY)

Hi,
I have a real dilemma. hope someone knows the answer to...

This is my Question, I apologize if it's complicated but this is quit interesting:

Under the SECURITIES LAW, an interested party must report any changes in the share holdings as well as becoming an "interested party" to a company.


Say a company (A) is controlled by a person and that person also has shares in another company (B). Company A buys and sells shares on a regular basis (like a broker) and purchases Company B's shares (for no special reason) thus making the person an "interested party" (as the person reaches the minimal share amount to become an interested party).
Would that person need to report being a new "interested party"?

Many thanks