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Dow Industrials Edge Higher
Dow Industrials Edge Higher
A Son of Wall Street Privilege Faces Fraud Charges
A Son of Wall Street Privilege Faces Fraud Charges
The Markets Have a Message: Don’t Believe This Rally
Streetwise
The Markets Have a Message: Don’t Believe This Rally
Housing Market’s Health Put to the Test
Housing Market’s Health Put to the Test
Starwood Deal: Cash Bid May Not Be King
Starwood Deal: Cash Bid May Not Be King
Hedge Funds for Retail Class Face Regulatory Reckoning
Hedge Funds for Retail Class Face Regulatory Reckoning
Regulator Moves to Create New Fintech Framework
Regulator Moves to Create New Fintech Framework
Chinese Investors See Golden Opportunity
Chinese Investors See Golden Opportunity

SEC Cracks Down on Vague Proxy Proposals

Regulator seeks descriptions that ‘clearly identify and describe’ issue on which shareholders will vote

By

WASHINGTON—U. S. securities regulators are cracking down on a tactic some companies use to obscure the purpose of shareholder proposals opposed by management.

The Securities and Exchange Commission this week released guidance cautioning companies against vague descriptions of measures appearing on corporate ballots, known as proxy cards, which shareholders use to vote on major company matters. The entreaty from SEC staff comes after...

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