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Ex-SEC Officials Tell 5th Circ. To Vacate SEC Buyback Rule

By Katryna Perera (July 19, 2023, 9:32 PM EDT) -- Two former chief economists of the U.S. Securities and Exchange Commission have urged the Fifth Circuit to vacate the regulator's new rules on buyback disclosures, arguing that the SEC has failed to provide credible economic justifications for the new rules and that buybacks actually benefit investors and the public....

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