Proxy Advisers ISS and Glass Lewis Are Facing Antitrust Probes

The FTC's investigation into proxy advisers ISS and Glass Lewis highlights growing scrutiny over how these firms influence investor decisions on climate and ESG matters. As the demand for sustainable investing rises, understanding the role of proxy advisers becomes crucial. This investigation is part of a broader trend where regulatory bodies are increasingly focused on ensuring transparency and fairness in financial markets. The outcomes could reshape how proxy advisers operate, potentially leading to new regulations that govern their practices and the information they provide to investors.