SEC Planning to Repeal Rule Governing Shareholder Proposals

Also, small banks have their own Basel concerns; D.C. Circuit declines to rule on CFPB staff cuts

The SEC is planning to permanently exit the business of reviewing shareholder proposals, sources say, a move that would upend some 80 years of agency practice that both companies and investors have come to rely on. While the decision hasn’t been finalized, it would fulfill a top priority of Chairman Paul Atkins, who has been very upfront about his desir…