Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingSEC enforcement action against ISS subpoena compliance issues
Institutional Shareholder Services (ISS) is facing enforcement action from the U.S. Securities and Exchange Commission (SEC) for refusing to fully cooperate with regulators 'document retrieval requests. The lawsuit aims to use a court injunction to force ISS to fulfill its administrative summons obligations it received in July this year.
The SEC filed a lawsuit in the U.S. District Court for the Eastern District of Pennsylvania on September 4, 2026. Regulators said the ISS's failure to provide relevant records seriously hindered its investigation and supervision under federal securities laws. The case refocuses regulatory attention on the operational compliance of the proxy voting consulting firm.
Proxy recommendations draw broader regulatory attention
In addition to specific compliance disputes, ISS's huge influence in influencing corporate shareholder voting also puts it at the forefront of the spotlight. According to analyst Eric Balchunas, ISS controls about half of the global proxy voting outsourcing market. He also pointed out that there have been recent criticisms in the industry about the company's position on environmental, social and governance (ESG) issues.
At the same time, Matthew Sigel and others also expanded the discussion to the entire agency consulting industry. He referred to Glass Lewis's recommendations on board gender diversity goals and VanEck's policy of requiring fund managers to explain overturning Glass Lewis's recommendations. These comments suggest that both ISS and Glass Lewis are placed in the broader industry debate.
Although Elon Musk has previously criticized the influence of agency advisers and passive fund structures, the core focus of this SEC enforcement is on subpoena compliance rather than the right or wrong content of specific agency recommendations. Currently, the SEC is seeking judicial access to key information it has not yet received.
