The U.S. Securities and Exchange Commission (SEC) sues Institutional Shareholder Services (ISS) to enforce a subpoena, as regulators step up scrutiny of proxy advisory firms. The SEC says ISS is not complying with a subpoena issued as part of a fact-finding investigation.
The cases are framed against a broader push by U.S. authorities to review how proxy advisers influence corporate voting outcomes. CNBC and the Financial Times both report the lawsuit centers on enforcement of the SEC’s request for information. Both outlets link the action to heightened regulatory attention under the Trump administration, which has been moving to examine the role and practices of proxy advisers.
While the coverage aligns on the SEC’s motivation and the procedural dispute—noncompliance with a subpoena—details of allegations beyond the subpoena issue are not emphasized in the provided summaries. The focus remains on the regulator’s effort to compel documents or testimony as part of its ongoing investigation.
