SEC Proxy Firm Rule Changes Violate Law

SEC Proxy Firm Rule Changes Violate Law, Fifth Circuit Says (2)

A federal appeals court has thrown out a major part of the SEC's reversal of Trump-era restraints on ISS, Glass Lewis and other firms ...

What's going on with the SEC's proxy advisor rules? - Cooley PubCo

According to the Court, the SEC “did not act arbitrarily merely because the 2022 Rescission immediately followed a change in administration.

Fifth Circuit Vacates the SEC's Rescission of its Proxy Advisor Notice ...

In 2020, the SEC amended its proxy rules to, among other things, impose new requirements on firms that provide proxy voting advice to ...

SEC Proxy Firm Rule Repeal Survives Sixth Circuit Challenge (2)

The US Court of Appeals for the Fifth Circuit ruled in June that the SEC violated the law when it rolled back some of the proxy firm constraints ...

Fifth Circuit Finds SEC's “About-Face” On Proxy-Firm Disclosure ...

A unanimous Fifth Circuit panel vacated the SEC's 2022 rescission of its 2020 proxy firm disclosure rule because the SEC failed to explain why the factual ...

Federal Court Vacates SEC's Scaled Back Rules Governing Proxy ...

Last month, a federal appeals court vacated the SEC's amendments adopted in 2022 that would have scaled back its regulation of proxy ...

Fifth Circuit Vacates SEC's Rescission of Notice-and-Awareness ...

Finds SEC Acted Arbitrarily and Capriciously in Reversing Requirements for Proxy Advisory Firms to Notify Companies of Proxy Voting Advice ...

Fifth Circuit Reinstates the Notice-and-Awareness Proxy Adviser ...

Most recently, in June 2024, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC acted arbitrarily and capriciously in removing ...

The Fifth Circuit Invalidates the SEC's Rescission of Notice-And ...

The Latest in the Saga of the SEC's Regulation of Proxy Advisory Firms On June 26, 2024, the Fifth Circuit Court of Appeals vacated a ...

District Court Vacates SEC's Proxy Advisory Rule - Dechert LLP

The implication of the interpretation is that proxy advisory firms would have to file their proxy advice with the SEC as proxy solicitations ...

Proxy Voting Advice Rule: Fifth Circuit Sends SEC Back to the ...

SEC that the SEC's rulemaking process to rescind portions of its proxy voting advice rule was arbitrary and capricious and in violation of the ...

After 1576 days, DC District Court holds proxy advisor rule invalid

A Federal District Court has just held invalid the SEC's rule regarding proxy advisory firms. The case dates back to 2019(!)

SEC Adopts Rule Amendments to Provide Investors Using Proxy ...

The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy solicitations designed to ensure that ...

THE FIFTH CIRCUIT INVALIDATES THE SEC'S RESCISSION OF ...

... SEC adopted amendments to its proxy solicitation rules ... Subsequently, in 2022 the SEC adopted revisions to the proxy advisory firm rules that ...

Update on the Oversight and Regulation of Proxy Advisors

In July 2022, the SEC finalized the previously proposed amendments to the proxy advisor rules, rescinding the requirement for proxy advisors to provide advance ...

Paxton Sues Biden Administration to Terminate Illegal SEC Rule ...

... U.S. Securities and Exchange Commission (“SEC”) to challenge a new rule that would unlawfully change proxy voting reporting requirements.

Split 6th Circ. Backs SEC Win In Proxy Adviser Rule Change - Law360

... violated the Administrative Procedure Act ... proxy advisory firms such as Glass Lewis & Co. LLC and Institutional ...

Legal challenges may impact SEC's decision to rescind 2020 proxy ...

On July 13, 2022, the Securities and Exchange Commission (SEC) voted to rescind several amendments to its rules governing proxy voting ...

The SEC's Proxy Advisory Firm Disclosure Reforms - CRS Reports

(SEC) adopted controversial amendments to its proxy rules implemented pursuant to the Securities Exchange Act of. 1934 (1934 Act; P.L. 73-291) ...

SEC and NAM appeal decision holding proxy advisor rule ...

Back in 2019, the SEC issued interpretive guidance that proxy advisory firms' vote recommendations were, in the view of the SEC, “solicitations” ...