By 21 Senate Democrats
Letter from 21 Senate Democrats to Jay Clayton, Chair of the Securities and Exchange Commission, asking the SEC “to open a public comment period to review the SEC’s current rules around share repurchases
“We write concerns about the accelerating pace of stock buybacks in U.S stock buyback in capital markets. The Securities and Exchange Commission ( SEC or “the Commission”) last updated the Rule 10b-18, which governs stock buybacks in 2003.”…
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