Asset Allocation Bi-Weekly – The Impact of New Equity SupplyAsset Allocation Bi-Weekly – The Impact of New Equity SupplyAsset Allocation Bi-Weekly – The Impact of New Equity Supply 

In November 1982, the Securities and Exchange Commission (SEC) changed its position on stock buybacks. Prior to this change, the SEC held that buybacks were potentially market manipulation. They weren’t directly banned, but companies buying back their stock ran the risk of being sanctioned for manipulation. In 1982, the SEC decided it needed to clarify […]
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