Proxy Advisory Firm Sues SEC Over New Rules

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U.S.'s biggest shareholder advisory firm sued the SEC over guidelines meant to give investors more transparency on how they make recommendations

The nation’s biggest shareholder advisory firm sued the Securities and Exchange Commission over new guidelines meant to give investors more transparency into how they make their recommendations on director elections and other corporate-governance ballots.

The lawsuit by Rockville, Md.-based Institutional Shareholder Services Inc. is at least the third recent legal action against the SEC by businesses it regulates, a sign that suing a company’s regulator—an uncommon and aggressive tactic—is becoming less taboo as the SEC tries...

 

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No honor among thieves

Why does the remymartinUS advert pop up randomly when I read an article. Please make it stop!

90% ; 10% in 1 year. Just don't want to push others. And that share is adjusted to: 6.3,13.2?

I hope their suit is quashed. We need a major crackdown on white collar crime.

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