Jun. 25, 2023
I am vehemently against this rule that will allow derivative holders voting rights. This rule is nothing more than an attempt by short sellers to abuse the markets further. Any rule allowing anyone but actual share owners (shares bought and paid for) voting rights is absurd on every level. Once again, the continued attempts by investment firms, banks, hedge funds etc. to game the system at the expense of retail investors shows that there appears to be a coordinated effort by the aforementioned parties and individual(s) at the SEC to defraud individual investors. Anyone who supports and votes to allow a derivative holder the same voting rights as an actual shareholder would be making it known to the public that they are not acting in the best interests of retail investors. Someone that would support such a proposal would now be on record that they are beholden to corporate interests over the citizens of this country that participate in the securities markets. That being said, I would urge great caution and careful thought when deciding on this rule. In summary, I am against any proposal allowing any type of voting rights to derivative holders. Thank you. Get Outlook for Android