Aug. 13, 2023
To Whom it May Concern, I do not support the SEC proposal S7-6-22. The wording of this proposal is highly concerning: "The proposed amendments also would deem holders of certain cash-settled derivative securities as beneficial owners of the reference equity securities". This suggests that the actual security shareholders/owners would not have voting rights on their own securities. This rule would lead to widespread voting abuse, where financial entities can borrow a security in bad faith to have undue influence on a company they are not invested in. This could create situations where companies are driven into the ground by people who do not share in the interests of shareholders. Rather than buy a security and have proper voting rights, they can temporarily borrow at a fraction of the cost and use a shareholder's rightful vote for their own interests. Buying votes in any other industry, political or legal system is highly illegal, and it should remain that way. Yours Sincerely, Kenneth Johnston Household Investor