January 26, 2010
SEC Proposes Amendments to Rule 10b-18The SEC proposes amendments to Rule 10b-18 under the Securities Exchange Act of 1934, which provides issuers with a “safe harbor” from liability for manipulation when they repurchase their common stock in the market in accordance with the Rule’s manner, timing, price, and volume conditions. The proposed amendments are intended to clarify and modernize the safe harbor provisions in light of market developments since Rule 10b-18’s adoption in 1982.
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC Proposes Amendments to Rule 10b-18 :