{"id":"tp-24601","type":"article-newspaper","title":"SEC Staff Says Functional Networks Limit Buyback Securities Claims","author":"Riza Dagoc","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/regulation/24601","datePublished":"2026-09-27T13:03:41.000Z","dateModified":"2026-09-27T13:03:41.000Z","language":"en","abstract":"The staff guidance addresses when a buyback announcement may count as a promise of managerial efforts under the Howey test.","section":"Regulation","references":[]}