Oct. 17, 2018
The SEC is one of the most spineless regulatory agencies on the planet when it come to protecting consumer interest. I have watched when you write explanations of stock market practices, either through ignorance, incompetence, that obscure market practices rather than explain or clarify for consumer. The U.S. Securities and Exchange Commission should require corporate managers to be honest with their shareholders about how they are planning for the long term. Shareholders have a right to know if oil executives are trying to buy off politicians to slow progress on addressing climate change. They also have a right to know whether the company is cultivating diversity on its board or moving profits abroad to avoid paying taxes in the U.S. These are just a few examples of the environmental, social, and governance (ESG) risks that the SEC should require public companies to disclose to their shareholders and the public. Thank you for considering my comment. Al Beltram