business

SEC Files Lawsuit Against ISS for Ignoring Subpoena in Investigation

5 Eylül 2026Financial Times

Securities and Exchange Commission (SEC) has filed a lawsuit against Institutional Shareholder Services (ISS), alleging that the proxy advisory firm failed to comply with a subpoena during an ongoing fact-finding investigation. This legal action highlights the increasing scrutiny that proxy advisers are facing from…
The SEC's move reflects a broader effort to ensure transparency and accountability in the proxy advisory industry.
Proxy advisers like ISS play a crucial role in corporate governance by providing recommendations on shareholder votes. However, their influence has drawn increased attention from regulators, particularly as concerns about conflicts of interest and the accuracy of their recommendations have grown.
The SEC's lawsuit against ISS marks a significant escalation in the regulatory oversight of proxy advisers, which have long been pivotal in influencing shareholder votes. By targeting ISS, the SEC is signaling its intent to enforce compliance and possibly reshape the landscape of proxy advisory services.

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This article is for informational purposes only and does not constitute financial advice.

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