SEC Charges ISS in Breach of Clients’ Confidential Proxy Voting Information

On May 23, 2013, the SEC charged ISS in the breach of clients’ confidential proxy voting information as part of its investigation that found an ISS employee provided a proxy solicitor with material, nonpublic information revealing how more than 100 ISS institutional shareholder advisory clients were voting their proxy ballots. ISS agreed to settle the SEC charges by paying a $300,000 fine.  Here is the link to the SEC Press Release announcing this action:

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