Senators join call for revisiting SEC stock buyback practices and rules

By Hazel Bradford

“A group of Democratic senators called Thursday for the Securities and Exchange Commission to hear from the public about reviewing rules covering stock buybacks.

Led by Senate Minority Leader Chuck Schumer of New York and Sens. Chris Van Hollen of Maryland and Tammy Baldwin of Wisconsin, 18 other senators joined in writing to SEC Chairman Jay Clayton, noting that rules have not been updated since 2003.”…

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