SEC Proposes Amendments to Rule 10b-18 for Repurchases of Common Stock

Summary

The Securities and Exchange Commission is proposing changes to its Rule 10b-18, which provides a safe harbor for companies repurchasing their common stock in the market, to simplify and update the rule in light of recent market developments. The proposed amendments also require greater transparency in issuer repurchases, including disclosure of all transactions, regardless of whether they meet the safe harbor criteria.