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Expert Analysis

Implications Of Amending NYSE Rule 452

Law360 (July 16, 2009, 1:44 PM EDT) -- On July 1, 2009, the U.S. Securities and Exchange Commission, by a 3 to 2 vote, approved an amendment to New York Stock Exchange Rule 452 that will prohibit the exchange's member brokers from providing a proxy to vote on behalf of a beneficial owner holding voting shares in "street name" on the election of directors unless the broker receives instructions on the election proposal from the beneficial holder....

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