Apr. 19, 2023
April 19, 2023 I am writing to urge you to pass the proposed rule change under the Securities Exchange Act of 1934 to amend the rules governing proxy voting advice and the filing of information by proxy advisory firms. I strongly believe that this proposed rule change is crucial for the protection of household investors. As an individual investor, I have long been concerned about the lack of transparency and accountability in the proxy voting advice industry. Proxy advisory firms have a significant influence on shareholder votes, yet their recommendations are often based on incomplete or inaccurate information, and their conflicts of interest are not adequately disclosed. The proposed amendments would require proxy advisory firms to provide companies with their advice before it is given to clients, and allow companies to review and provide feedback on the advice. This would help ensure that the advice is accurate and based on complete information. The proposed changes would also require disclosure of any conflicts of interest, which would provide investors with more transparency about the advice they are receiving. Moreover, I urge you to take additional steps to protect household investors. The practice of fails to deliver and payment for order flow have long been a concern for retail investors, and have the potential to hurt the interests of small investors. Therefore, I urge the SEC to take measures to curb these practices and ensure that the markets are fair and transparent for all investors. In conclusion, I strongly support the proposed rule change and urge the SEC to pass it without delay. I also urge the SEC to take additional measures to protect household investors and ensure that the markets are fair and transparent for all investors. Thank you for considering my comments.