The Fifth Circuit Court largely overturned the SEC's decision to rescind Trump-era rules mandating proxy advisory firms to inform companies about their advice to investors. The court ruled that the SEC failed to adequately justify the abrupt change.
The 5th Circuit struck down SEC's 2022 rollback of rules that critics said impeded the independence of proxy advice firms. The rollback required proxy firms to notify companies about their advice no later than when they notify clients https://t.co/cXJsvJx4la https://t.co/aXqFYoofPr
The Fifth Circuit Vacates the SEC’s New Private Fund Adviser Rules in Their Entirety https://t.co/vCYP35vwT4 #Securities #Money #5thCircuit @USCourtsMOED https://t.co/tYczNmOLav
The Fifth Circuit vacated the SEC's decision to rescind a portion of Trump-era rules requiring proxy advisory firms to notify companies about their advice to investors, ruling that the agency didn't adequately explain the abrupt change. https://t.co/pQZqIooeke https://t.co/MtbJVdFfIQ
US appeals court voids SEC rollback of proxy voting advice rules https://t.co/WZCEipQn5g https://t.co/zR7lVMArWR
BREAKING: SEC proxy firm rule reversal mostly struck down in Fifth Circuit https://t.co/blqHDgDIYF