Salem Radio Network News Wednesday, August 10, 2022

Business

Wall Street regulator to vote next Wednesday to adopt proxy rules that undo Trump-era condition -notice

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) will vote on June 13 to adopt proxy rules boosting disclosure, the agency said on Wednesday.

The rule, which the Wall Street regulator voted to propose in November, is expected to undo a Trump-era rule allowing companies a first look at proxy advisor proposals.

The agency will also propose a rule that would amend certain “substantive bases” for exclusion of shareholder proposals, the agency notice said.

(Reporting by Katanga Johnson in Washington; Editing by Chris Reese)

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