SEC Withdraws Proposed Shareholder Proposal Rules

Stinson - Corporate & Securities Law Blog
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Stinson - Corporate & Securities Law Blog

The SEC has withdrawn proposed rules captioned “Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8. In conjunction therewith the SEC announced “The Commission does not intend to issue final rules with respect to these proposals.”

The SEC also withdrew 13 other proposed rules related to the Division of Investment Management and Division of Trading and Markets.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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