ISS receives SEC Wells notice

Investment analysis firm MSCI said yesterday its proxy advisory unit, Institutional Shareholder Services (ISS), received a Wells Notice on 14 September related to a whistleblower complaint against an employee. The employee was found to have leaked data to a proxy solicitor in return for meals and tickets to events and was subsequently sacked in March. MSCI said ISS is cooperating with the SEC and does not expect the matter to have an adverse effect on its business.