Tuesday , June 25 2019
Home / David Stockman's Contra Corner / Rule 10b-18: A Safe Harbor For C-Suites To Borrow And Speculate In Their Own Shares & Goose Options

Rule 10b-18: A Safe Harbor For C-Suites To Borrow And Speculate In Their Own Shares & Goose Options

Summary:
Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.” https://www.zerohedge.com/news/2019-04-14/make-stock-buybacks-illegal

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Washington’s Nasty Regime Of Sanctions Are Sadistic And Spiteful

David Stockman writes George Orwell’s Dystopian Nightmare in China

David Stockman writes How To Stop Trump’s Iranian Mayhem—-End Washington’s Policy Of Empire First

David Stockman writes Red Ponzi Roiling: China’s Bank Market Freezes, SHIBOR Tumbles To Decade Low

Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.”

https://www.zerohedge.com/news/2019-04-14/make-stock-buybacks-illegal

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *