DoJ cautions SEC over proxy advice proposals The US Department of Justice (DoJ) has expressed deep concerns over proxy advisor rule amendments proposed by the country’s financial regulator, warning the changes could quash competition in the advisory market and restrict investor choice. In a letter to the SEC, dated 5 February 2020, the Department of […]
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Senator presses SEC’s Clayton over “Main St” letters report
A US Senator has called on the head of the US financial regulator to provide an update on the status of its reports into “apparently fraudulent comment letters” that showed support for proposed new rules on proxy advice. In a letter addressed to Securities and Exchange Commission (SEC) Chairman Jay Clayton, Senator Chris Van Hollen […]
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