The SEC postponed the effective date of the "Share Repurchase Disclosure Modernization Rule," which requires issuers to provide additional information on the purpose of their repurchase programs. The SEC announced a stay of the "Repurchase Rule" in order to address Administrative Procedure Act deficiencies found by the Fifth Circuit Court of Appeals.
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The U.S. District Court for the District of Columbia ordered the Small Business Administration to release the names, addresses and loan amounts for PPP loan recipients by November 19, 2020.