Compliance November 10, 2001
Buyback Easing Rule will not Be Extended
October 11, 2001 (PLANSPONSOR.com) - The Securities
and Exchange Commission (SEC) order temporarily easing
restrictions on share buy back programs will expire tomorrow
and will not be renewed, according to a statement by the
regulator.
Reported by Camilla Klein
The temporary measures were put in place by the regulator to support the stock market following September?s terrorist attacks that closed US exchanges for four days (see SEC Extends Market Relief ) .
According to the statement, the SEC will continue to staff hotlines for investors and market participants, who can also e-mail questions to the SEC staff at help@sec.gov.
The toll-free investor telephone number is 1-800-SEC-0330. Firms seeking additional information about the Financial Responsibility Rules should call the SEC staff at 202-942-7891, 202-942- 7892 or 202-942-7893. All other firm inquires should be directed to 202-942-0069.