Institutional Shareholder Services Data Breach (2013)

An employee of Institutional Shareholder Services (ISS) shared nonpublic voting data in exchange for $15,000 in concert tickets and $20,000 in meals. From 2007 through early 2012 an ISS employee provided nonpublic information on how over 100 ISS clients were voting on proxy ballots to a firm that gathers shareholder votes. ISS will pay The Securities and Exchange Commission $300,000 to settle civil charges and penalties. ISS neither admitted nor denied Securities and Exchange Commission allegations that it violated financial adviser rules designed to prevent misuse of non-public consumer information.