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SEC weighs Texas Stock Exchange's mandatory broker voting rule

Awaiting SEC decision on SR-TXSE-2026-008

The Securities and Exchange Commission opened formal proceedings in September to decide whether Texas Stock Exchange, a challenger to NYSE and Nasdaq, may require brokers to vote shares when clients give no instructions. Under the proposal, uninstructed shares would be allocated proportionally, matching how instructed investors voted on each item, and cast as abstentions when no instructions arrive on that matter.

Updated Oct 17