Federal Judge Finds SEC Can’t Call Proxy Voting Advice ‘Solicitation’

( March 5, 2024, 9:24 AM EST) -- WASHINGTON, D.C. — A federal judge in the District of Columbia ruled that the Securities and Exchange Commission acted contrary to law and in excess of its authority when it issued rule changes that redefined proxy voting advice under its definition of “solicitation,” vacating the new definition from the final rule....