hoo boy
"The U.S. Chamber [says]... mandatory disclosure [of stock buybacks] 'not only risk the public airing of important managerial decisions but also compel speech in violation of the First Amendment,'"
https://www.law360.com/securities/articles/1607431
US Chamber Sues SEC Over Stock Buyback Rule - Law360

The U.S. Chamber of Commerce on Friday sued the U.S. Securities and Exchange Commission in an effort to block implementation of its recently finalized rules requiring public companies to disclose more information on stock buybacks, saying the requirements compel speech in violation of the First Amendment.

They have ... really decided they've got the judges in place now to go out and make some new law.
U.S. Chamber Sues the Securities and Exchange Commission Over Stock Buyback Rule

The SEC’s Stock Buyback Rule will hurt investors, including millions of retirement savers.

@annmlipton

Would that not gut the very essence of stock regulation? If every management decision can be hidden behind a 'compelled free speech' specious argument, then the remaining regulation, putting regulators' eyes inside the business walls, will face the parallel argument, using the 4th Amendment.

But that could never happen here...right?

@annmlipton something something commerce clause
@annmlipton Fine, let’s ban stock buybacks. Problem solved

@annmlipton

Links to paid spaces are annoying

@annmlipton ...wait, if that argument holds does that mean every SEC disclosure then compels speech?
@szeis4cookie I think it would be a heightened burden of justification for each disclosure requirement.
@annmlipton Setting their sights low. Why not the entire Exchange Act?