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Trade Orgs Sue SEC Over Pared-Back Proxy Oversight Rules

By Tom Zanki (July 21, 2022, 8:50 PM EDT) -- Two business groups are alleging the U.S. Securities and Exchange Commission's recent rollback of rules governing proxy advisory firms amounted to arbitrary and capricious violations of federal law and should be nullified, according to a lawsuit filed in Texas federal court on Thursday....

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