SEC escalates probe of ISS by enforcing records subpoena amid proxy-adviser scrutiny
The SEC has sued Institutional Shareholder Services to compel compliance with an administrative subpoena seeking data on ISS's proxy recommendations and voting activity, as part of the Trump administration's broader push to tighten oversight of proxy advisers. ISS has not produced all requested materials, the SEC says, and the case—filed in the Eastern District of Pennsylvania—remains in fact-finding with no conclusion of securities-law violations.
