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News Release: Groups Petition SEC to Abandon Rules Sanctioning Share Buybacks
June 25, 2019 – 7:24 pm

The groups urged the agency to abandon old rules that govern stock buybacks in light of their rampant abuse by corporate America since their enactment in 1982. Last year, the massive tax cut passed by Congress and signed into law by President Trump gave companies war chests of unprecedented size to boost share prices through stock buybacks.