The SEC Is Running Out of Time to Defend Its Buyback Rule

The Securities and Exchange Commission has only a couple of days left to save its new rule aiming to give investors more information about companies’ share repurchases. In an Oct. 31 decision, the Fifth Circuit Court of Appeals gave the agency 30 days to [“correct the defects”](https://ift.tt/nqotdlc) in the rule, which business groups including the U.S. Chamber of Commerce [sued to overturn](https://ift.tt/qeuDQms) shortly after it was [passed in May](https://ift.tt/UTGq2F3). A three-judge panel found shortcomings in the cost-benefit analysis the SEC produced to justify the regulation.