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5th Circ. Gives SEC 30 Days To Tweak Stock Buyback Rule

By Hailey Konnath ( October 31, 2023, 11:00 PM EDT) -- The Fifth Circuit held Tuesday that the U.S. Securities and Exchange Commission acted "arbitrarily and capriciously" in finalizing new rules requiring companies to disclose more information on stock buybacks, yet the appeals court declined to vacate the rule and instead ordered the agency to fix it within 30 days....

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