January 6, 2020
Dear Chairman Clayton, Re: S7-22-19 While you are discussing the subject of adding regulations and reporting, why stop with proxy "solicitors"? Are these the only organizations that commit oversights and express factual errors? It would be helpful if you could name one analyst that is not capable of such error. Assuming that you can not, I submit that you add a heavy load of reporting requirements to both buy side and sell side analysts as well. Eventually, the burden will be so high that these frail humans will give up any attempts to provide market insights and allow the government and corporate management to do its job, unencumbered! Since little more than observations to the cost and benefits of the current proposal is offered I am assuming that you are not expecting me to deliver a quantitative cost benefit analysis on additional regulation. Kind Regards, Matt Illian -- Matt Illian, CFP® Impact Investing Advisor, VestedIn