SEC’s uncharted territory focuses on activists, not investors

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.RepAlexMooney: 'Setting climate policy is the job of lawmakers, not financial regulators. America’s ability to lead on the global stage depends on our economic strength, not advancing an extreme agenda through regulatory fiat.' sponsored ConsumersFirst

tries to shut down domestic energy production, he begs Middle Eastern countries to increase their oil production to combat the energy inflation crisis of his own making. High gas prices affect all Americans, but they disproportionately hurt rural communities that have no choice but to drive.and his administration has a result of worsening American energy independence.

However, some activist investors have tried to distort the SEC’s investor-oriented disclosure rules to force companies to make behavior changes, regardless of whether they are in the interest of investors. For example, they have called on the SEC to address many societal issues that are far outside the SEC’s jurisdiction and expertise, such as climate change.

 

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