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SEC proxy adviser regulation and ISS lawsuit 2026

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FIRST ENTRY SEP 06
SEP 06 · Day 1

SEC sues ISS as Trump administration scrutinizes proxy advisers

President Donald Trump signed an executive order in December directing the SEC to review its rules and guidance on proxy advisers.

The SEC filed a subpoena-enforcement action against ISS in the U.S. District Court for the Eastern District of Pennsylvania.

ISS argued to the SEC that the subpoena raised First Amendment concerns and could expose ISS and its clients to retaliation over their voting activity.

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