Editor's note: This story was previously published in February 2019 It has since been updated and republished.Did you know that stock buybacks were illegal until 1982? It's true.Source: Shutterstock The SEC, operating under the Reagan Republicans, passed rule 10b-18, which made stock buybacks legal. Up until the passing of this rule, the Securities Exchange Act of 1934 considered large-scale share repurchases a form of stock manipulation. InvestorPlace - Stock Market News, Stock Advice & Trad...
