Jun. 25, 2023
Hello regulators for the people, Having derivative holders have voting rights is ridiculous when the market can't be streamlined or efficient enough to report trade activity on a regular basis. There is push back about how Gary Genslar is being too aggressive to implement reporting rule changes so that the SEC could be better "equiped" to do it actual job that it fails to deliver on time, only many years after the damage is done, to which the offenders pay "tax deductible" fines which they neither deny or admit guilt so that there is "no change". This change is not in the benefit of retail/household investors to which the mandate of SEC must be able to be enforceable. This rule would be able to "buy" votes cheaper and by scale underpinning the "real shareholders", not to mention whatever loopholes or rights they would get for taxes, accounting gimmicks, or reporting compliance, etc, to which is out of my scope of understanding but I know the practice enough that loopholes are kept intact even through regulations. Trust has been abused like it is expected to not be integral and that must be remedied for "fair and efficient markets" to be REAL. Thank you, An angry shareholder