On February 4th, the D.C. Circuit dismissed in part and denied in part a petition challenging the Constitutionality of the disclosures required by the Securities Exchange Act's Form 13F Report, which requires certain institutional investment managers to disclose investment information. The information is made public unless an exemption or a request for confidential treatment is granted. The Court held that to the extent petitioner's claims rest on potential public disclosures of its investment positions, they are not ripe. On the merits, the Court held that mere disclosure to the SEC does not raise First Amendment concerns. Nor does disclosure raise Fifth Amendment concerns even assuming that petitioner has a cognizable property interest in knowledge of its investment positions. Full Value Advisors, LLC v. SEC.