RE: LeoThread 2025-10-23 02-57

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Shareholder advisory firms should be required to register as investment advisers. Their failure to do so seems absurd and potentially unlawful given the described conduct

leofinance
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Federal legislation should mandate that proxy advisory firms such as ISS and Glass Lewis register as investment advisers under SEC rules, ensuring fiduciary accountability to shareholders rather than ideological biases

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Asset managers should reclaim voting power through bylaws that prohibit blind delegation, while states expand anti‑ESG measures—for example, disclosure laws like Texas's—to increase compliance pressure

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Ultimately, shareholder activism, including voting down flawed recommendations in contests like Tesla's, can build momentum for broader reforms that prioritize economic value over politics

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