We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Official Defends Withdrawal Of Proxy Guidance Letters

Law360 (September 26, 2018, 7:32 PM EDT) -- A U.S. Securities and Exchange Commission official on Wednesday defended a recent staff decision to rescind two guidance letters regarding investment managers' use of proxy advisers, telling a congressional panel that the time is right to reconsider proxy-voting rules ahead of coming SEC roundtables on the topic.

Dalia Blass, director of the SEC’s Division of Investment Management, told the House Financial Services Committee that the decision to withdraw the letters is part of the agency’s larger efforts to review and modernize its regulatory framework.

The investment management division on Sept. 13 rescinded two no-action letters issued in 2004 to Egan-Jones Proxy...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies

Government Agencies