5th Circuit Won’t Allow SEC More Time To Cure Errors In Stock Buyback Rule

(November 29, 2023, 1:43 PM EST) -- NEW ORLEANS — The Securities and Exchange Commission will not have extra time to cure errors in a new stock buyback rule, a panel of judges in the Fifth Circuit U.S. Court of Appeals ruled after previously determining that the SEC had not adequately established that stock buybacks pose a risk to investors....