May. 23, 2022
To Whom It May Concern: Unless they are tax-exempt, businesses exist to make money for their owners. If there is no profit there would be no products, services, and innovations for society. Government should not be interfering in how they run their business as long as they do not violate laws. Regulations should be kept to a minimum. The SEC should stick to the purpose for which it was created and that is the protection of investors and capital markets. As such, there is clearly a problem within their purview the requires addressing. Major fund companies have far to much power over individual firms they hold stock in on behalf of investors. Fund companies should not be voting those shares! They are not the owners! Either they should abstain from all proxy voting or they should solicit votes from the actual owners - those who invested in their funds. I truly hope the SEC will implement these provisions. Regards, John Di Marco