Securities; Proxy Advisor Transparency Act; effective date.

Summary

The Proxy Advisor Transparency Act obligates proxy advisory firms to provide a clear, conspicuous notice to shareholders and company boards whenever they issue voting recommendations without a written financial analysis. It defines key terms, treats non‑compliance as a deceptive trade practice, and gives the Attorney General authority to investigate and enforce the law. The measure aims to improve transparency for investors who rely on proxy advice.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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