Investors Want SEC Intervention On Withheld Running Proxy Vote Totals

The Council of Institutional Investors has asked the SEC to intervene on a decision to withhold running vote totals to groups sponsoring shareholder proposals. The voting information is considered strategically important for  both  sides, and the decision “raises deeply troubling questions,” according to the investor group. The entity that had been providing the information said it been asked to stop doing so by the Securities Industry and Financial Markets Association, a key Wall Street lobbying group. The controversy comes shortly before a highly charged vote at JPMorgan.