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FTC Investigates Proxy Advisers Amid Liberal Bias Complaints

11/13/2025

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Summary

Story summary

The Federal Trade Commission (FTC) has opened an antitrust investigation into Institutional Shareholder Services (ISS) and Glass Lewis.
The inquiry follows complaints from conservatives and business leaders about perceived liberal bias and ties to environmental and social activists.
The White House is considering an executive order to limit proxy advisers and index-fund managers.
ISS and Glass Lewis have not commented on the investigation.

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Story summary

The Federal Trade Commission (FTC) has opened an antitrust investigation into Institutional Shareholder Services (ISS) and Glass Lewis.
The inquiry follows complaints from conservatives and business leaders about perceived liberal bias and ties to environmental and social activists.
The White House is considering an executive order to limit proxy advisers and index-fund managers.
ISS and Glass Lewis have not commented on the investigation.