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The investment management division on Sept. 13 rescinded two no-action letters issued in 2004 to Egan-Jones Proxy...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