Chilling, excessive rules for shareholder activists and analysts

Texan state legislature disclosure act

Shareholder activists and proxy analysts face up to a year in jail and a fine of up to $4,000 if they fail to comply with a new regulations being proposed in the USA.

The US state legislature in Texas has proposed a bill, which would, if passed, require activist investors and proxy advisory firms owning or commenting on Texan publicly-listed companies adhere to new¬†disclosure requirements that go far beyond current federal rules.… Read the rest