Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM
A manufacturing industry association and a Midland, Texas, energy company joined the fray in a long-running dispute with proxy advisory firms by filing suit against the U.S. Securities and Exchange Commission (SEC) in a San Antonio federal district court, accusing the agency of easing hard-fought regulations approved just two years ago.
The suit raises procedural issues, claiming the agency failed to follow federal process for policy revisions.
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Adolfo Pesquera
Adolfo Pesquera, based in San Antonio, covering Texas courts. Contact at [email protected]. On Twitter: @Adolfo_PEZ
