Jun. 25, 2023
Dear Members of the Securities and Exchange Commission (SEC), I am writing to express my concerns regarding the proposed rule S7-06-22, which pertains to granting voting rights to derivative holders in publicly traded companies. I believe there are significant risks associated with allowing derivative holders to vote on company business, particularly in relation to speculative voting, conflicts of interest, dilution of voting power from actual shareholders, increased voting power with less capital, and the potential for general abuse via voting (such as voting off Board members to destroy a company when the holder of the derivative is actively shorting the company). I urge the SEC to carefully consider the potential risks and consequences to household investors if derivative holders were to be granted voting rights - which I am firmly against. Sincerely, Jennifer McKenna