Samuel Scarritt-Selman

May 1, 2024 | mondaq.com | Mark D. Perlow |Samuel Scarritt-Selman

The court vacated the last of the three conditions that were applied to proxy advisory firms as a result of the SEC's 2020 regulation of Proxy Advisory Firms. As a result of this ruling, Proxy Advisory Firms are no longer required to disclose certain conflicts of interest. If the ruling stands, the SEC will not be able regulate the Proxy Advisory Firms through similar mechanisms in the future.

Apr 5, 2024 | jdsupra.com | Mark D. Perlow |Samuel Scarritt-Selman

Key Takeaways The court vacated the last of the three conditions that were applied to proxy advisory firms as a result of the SEC’s 2020 regulation of Proxy Advisory Firms. As a result of this ruling, Proxy Advisory Firms are no longer required to disclose certain conflicts of interest. If the ruling stands, the SEC will not be able regulate the Proxy Advisory Firms through similar mechanisms in the future.