Jun. 26, 2023
Dear Gary Gensler and SEC team, Like many other rules announced or put in place, this ruling seems to give more authority advantages and capability to institutions (like hedge funds) that are more in favor of their own self worth than individual investors growth for their future and their own retirement. Too many individual investors are left to the whim of institutions, and not given consideration for their hard earned money that they have put into the supposed fair market. I am fully against giving institutions/people who use derivatives the ability to influence voting when they don’t physically on the shares, but just have some sort of investment at a minimal cost, potentially. Perhaps I’m wrong but if I spend minimal dollars to have thousands and thousands of options that are way out of the money and over a year out, I now have the ability to influence voting of companies. Am I wrong? I reject this ruling as an individual investor in a, reportedly, fair market and hope that you do the same. Thank you, Michael Molloy