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SEC criticises proxy adviser 'oligopoly,' urges AI use

KARREN VERGARA  |  MONDAY, 12 JAN 2026  |  NEWS
... division of investment management, said the sector has thrived since 1988, when the Department of Labor released its "Avon Letter." In it, the department asserted that "the fiduciary act of managing plan assets that are shares of corporate stock includes ...
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