SEC ISS Subpoena Action Puts Proxy Advisor Under Regulatory Scrutiny

TLDR: SEC ISS action seeks court enforcement after the firm declined to fully satisfy a July subpoena. The SEC says missing ISS records have hindered its securities-law examination and oversight work. ISS faces scrutiny over proxy influence as regulators pursue documents tied to federal securities laws. Comments from Balchunas and Sigel broaden attention toward concentration [...]

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