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SEC Announces Efforts to Educate Investors About Participating in Corporate Elections
2/22/2010Amends Proxy Rules to Offer “E-Proxy” Flexibility
Launches New Web Page Dedicated to Educating Investors About Proxy Matters
Washington, D.C., Feb. 22, 2010 — The Securities and Exchange Commission today announced a series of steps to educate investors about proxy voting and support greater investor participation in corporate elections.
The series of measures include amending the SEC’s e-proxy rules, issuing an Investor Alert, and creating new Internet resources that explain the proxy voting process in plain language.
To support shareholder participation in corporate elections and help educate investors about how the voting process works, the Commission has:
- Amended the SEC’s proxy rules to clarify and provide additional flexibility when companies and other persons are relying on the “e-proxy rules.” A copy of the adopting release related to the amended rules can be found here.
- Published a new Investor Alert entitled New Shareholder Rules for the 2010 Proxy Season. The Alert provides investors with information related to the recent changes to broker voting rules and the impact of those new rules on proxy voting.
- Launched a new Spotlight page that provides investors with information on the mechanics of proxy voting, the e-proxy rules, corporate elections and proxy matters.
Read the full release here.
SEC Approves Money Market Fund Reforms to Better Protect Investors
Washington, D.C., Jan. 27, 2010 - The Securities and Exchange Commission today adopted new rules designed to significantly strengthen the regulatory requirements governing money market funds and better protect investors.> MORE
Fee Rate Advisory #4 for Fiscal Year 2010
Fee Rate Advisory #4 for Fiscal Year 2010 Washington, D.C., Dec. 17, 2009 — Yesterday President Obama signed H.R. 3288, the appropriations bill that includes funding for the Securities and Exchange Commission. Accordingly, effective Dec. 21, 2009, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities, and the Section 14(g) fee rate applicable to proxy solicitations and statements in corporate control transactions will increase to $71.30 per million dollars. The Section 6(b) rate is also the rate used to calculate the fees payable with the Annual Notice of Securities Sold Pursuant to Rule 24f-2 under the Investment Company Act of 1940.> MORE
