ISS settles charges it breached client confidentiality in proxy votes
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The SEC on Thursday settled with Institutional Shareholder Services on charges “for failing to safeguard the confidential proxy voting information of clients participating in a number of significant proxy contests,” according to an SEC statement.
ISS, registered with the Securities and Exchange Commission as an investment adviser, “agreed to settle the charges by paying $300,000 and retaining an independent compliance consultant,” the statement said.
In a statement, ISS said, “From the beginning, ISS took swift action of its own and a
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