Author: KaraMysh

In 1982, the Securities and Exchange Commission (SEC) adopted Rule 10b-18, grantingcorporations a safe harbor to repurchase their own stock without fear of being charged with marketmanipulation provided they adhered to specific conditions. At the time, the change was billed as aclarification of murky legal waters. But in practice, Rule 10b-18 unleashed a tidal wave… Read more