May. 11, 2022
May 11, 2022 Climate disclosure is beyond the remit of the SEC. Where relevant, the information is already available and part of the investor thought process. Climate disclosure by the SEC would be duplicative of other efforts. It would add to costs, but not provide better understanding of the data. The SEC appears unwilling and/or unable to deal with the many relevant issues more readily impacting markets. The current stock market is characterized as \"illiquid\". So what happened to all the \"liquidity\" provided by high frequency trading? How does Archegos and the future names to come out occur under the scrutiny of the SEC? The proposed disclosure on climate change deviates from the mission of the SEC. The proposed disclosure adds no new information of consequence, but constitutes a huge documentation effort at little to no (negative?) benefit. The SEC needs to do its job to protect investors and ensure the information now required is accurate and informative. DO YOUR JOB