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Texas A.G. Paxton Sues Biden Administration to Terminate Illegal SEC Rule that Will Hurt Financial Companies and Their Investors
February 25, 2023
AUSTIN, Texas, Feb. 25 -- Texas Attorney General Ken Paxton issued the following news release:

Attorney General Paxton has filed a petition for review against the U.S. Securities and Exchange Commission ("SEC") to challenge a new rule that would unlawfully change proxy voting reporting requirements.

Mutual funds and other registered management investment companies must report the details of proxy votes, including the category or subject of the vote, to the SE . . .

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