The new SEC rule on enhanced issuer repurchase disclosures was published in the Federal Register with an effective date set for July 31, 2023.
News & Insights
The SEC adopted a new rule that requires issuers to provide additional information on the purpose of their repurchase programs and report more detailed repurchase data on a quarterly or semi-annual basis.
The DOJ, the SEC and the CFTC charged the Alameda Research CEO and the FTX Chief Technology Officer in schemes to defraud FTX's customers and investors.
The DOJ, the SEC and the CFTC filed actions against FTX and its founder Samuel Bankman-Fried for defrauding U.S.-based and foreign investors, which resulted in billions of dollars in losses and missing customer funds.
Comments on an SEC proposal that would require issuers to provide additional, more comprehensive and more frequent disclosures regarding share repurchases are now due by January 11, 2023.