The Internal Revenue Service and US Treasury Department issued final procedural regulations on the stock buyback excise tax on June 28th. The final regulations generally require a covered corporation to file an excise tax return (on Form 7208) reporting share repurchases and issuances...

In Securities and Exchange Commission v. Jarkesy, the Supreme Court held that when the SEC seeks civil penalties against a defendant for securities fraud, the Constitution's Seventh Amendment entitles the defendant to a jury trial.