February 15, 2019
Mr. Brent J. Fields Secretary
A Coalition of Growth Companies
U.S. Securities and Exchange Commission
100 F Street, NE Washington, DC 20549-1090
Re: File Number 4-725 SEC Staff Roundtable on the Proxy Process
As an investor of several stocks and mutual funds I am quite disturbed of the lack of transparency involved with proxy advisory firms.
I am grateful that the SEC is looking into this issue. These firms need to be put on notice that their biased nature will no longer be tolerated. Please dont misunderstand as I am grateful to have a proxy advisor to guide me and I would love nothing more than to be able to trust them. However, it is hard to do so when I review my statements and realize that proxy advisory firms have so much influence over how my shares are voted.
This must be an open and fair process and I would love to know the reasoning of the proxy firms as to why they vote the way they do and also why they have more influence as to where my money is directed then I do.
Please, Mr. Fields, this must be addressed and corrected. People have worked and saved their entire lives and more transparency from proxy advisory firms methodologies is not too much to ask for when investing their hard-earned money.
Thank you for your consideration,
Alessandro Locci Arlington, VA