March 21, 2022
The proposed rule exceeds the authority of the Security Exchange Commission authority. The basis of this regulation and purpose carried no financial and fiduciary reporting requirements in making sound investment decisions.
This regulation will be subjected to multiple legal lawsuits and siphon commission assets and resources in defending this proposed regulation.
This proposed regulation imposed unnecessary costs on public traded companies and subjects them to unconstitutional regulatory overreach on how public traded corporations are to conduct business.