Document Type
Article
Publication Date
2024
Abstract
In May 2023, the SEC adopted new transparency measures designed to improve oversight of corporate stock buybacks. However, the new regulation faced immediate and successful challenges in court, prompting the agency to suspend its implementation in November 2023 for further cost-benefit analysis. Critics contended that the new regulation would offer minimal additional benefit to investors given the current regulatory framework. Despite this legal setback, advocates for the re-proposal of the regulation persist. This article shows that the new regulation would open new avenues of legal recourse for investors, fortify their claims that might otherwise be dismissed, and unlock corporate records for inspection that were previously inaccessible. The new regulation would enhance investor protection and market integrity.
Recommended Citation
Lynn Bai, The SEC's (Ill-Fated) Stock Repurchase Transparency Reform: A Missed Opportunity for Investor Protection, __ Va. L. & Bus. Rev. __ (forthcoming Spring 2025)