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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInObama-era SEC official pushes Senate to rein in corporate advisory firms
Critics charge that the firms have grown too powerful as large investors like pension funds — which often own a large amount of stock in a particular company and can significantly sway a decision one way or the other — follow their advice. “The current environment creates an undue reliance on proxy advisory firms that […]
After Nearly $200 Million Dell Flub, T. Rowe Price Seeks a Solution – WSJ
After a nearly $200 million blunder, one of America’s largest mutual-fund companies is racing to find a way to compensate thousands of clients. T. Rowe Price Group Inc. is likely to announce as early as next week a plan to reimburse clients who lost out when it accidentally voted in favor of the 2013 buyout […]
SEC close to weighing possible action on proxy advisory firms — Reuters
The Securities and Exchange Commission will soon review recommendations for possible regulatory action targeting proxy advisory firms, SEC Chair Mary Jo White said on Wednesday. via SEC close to weighing possible action on proxy advisory firms — Reuters