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Joe Kaufman Quoted in Law360 on New SEC Stock Buyback Rule
05.04.23
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Capital Markets Partner Joe Kaufman was quoted in a Law360 article titled, “SEC Requires Companies To Beef Up Buyback Disclosures,” which discussed the SEC’s recently approved rule requiring public companies to increase disclosures surrounding stock buybacks and explain their rationale and criteria for such transactions. Joe noted that “it's a significant improvement from the proposed rule,” which had a one-day requirement to report repurchases. However, he explained, “[The final rule] is still a fairly significant lift in terms of the amount of disclosure that will be required. And there's a pretty good argument that some of this information is not material to investors.”
To read the full article, please click here (subscription required).