Liquidnet: Regulators Should Use a Scalpel, Not an Axe
On a recent trip to the US Securities and Exchange Commission (SEC), Liquidnet invited Invesco Global to join in on the meeting to give its take on Rule 10b-18, known as the "Safe Harbor" rule. It provides a guideline for how a company or its affiliates can buy back its own stock.
The original intent of 10b-18 was to prevent corporations from manipulating their own stock and was put on the books decades ago, long before the existence of electronic trading, alternative trading systems (ATSs) and
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