January 7, 2020
Dear Friends,
Chris and Holly Turner (in the video link below), alerted me to a new Securities and Exchange rule that we definitely need to get passed. Holly is a practicing attorney and Chris has his own consulting firm. As many of you probably know, retirement plans are failing all around the country. Many of you know that most companies take the suggestions of proxy advisory firms as to where your money is invested. Over the past 20 years, these proxy advisory firms have emerged as major players in executive compensation and corporate governance as a result of several factors, including the growth of institutional investor stock ownership and mandatory say on pay. As a result, the research and voting recommendations proxy advisory firms provide have a significant impact on the level of support a shareholder proposal receives. I and my friends have several concerns regarding the practices of these major advisory firms.
These firms are not investing your money in companies that give you the best return on your money. They are investing in far left institutions that promote things like abortion, open borders, gun bans, etc. The proposed new SEC rule (S7-19-22) prevents that and allows investment ONLY in companies that provide the safest and highest yield for the investor. I feel it is definitely a needed rule and think you will agree. The only way we can assure this rule passes is to WRITE to the SEC.
Please watch this 7 minute video posted by my friends Chris and Holly Turner https://youtu.be/_zLAvx5JAZk which gives you more information on the rule and then PLEASE email SEC Chairman Clayton. The video will give you the address and a suggestion on what to say in a very short email to the SEC. Grab a pencil and paper before watching. If you want to read the SEC rule itself, you can go to this address: https://www.sec.gov/rules/proposed.shtml and scroll down to the 5th rule.
Thank you ever so much for your help with this. Passing rule no. S7-22-19 will make a HUGE difference in the retirement accounts and stock investments of American citizens. If you have any questions, please do not hesitate to contact me.
Feel free to forward to anyone you feel might be interested in this.
Melissa Sharpley
[redacted]