Trumps SEC Slammed the Door on Small Investors. They Built a New One.
News Source : Mother Jones
News Summary
- The Securities and Exchange Commission has made it harder for small and activist investors to raise concerns through the government filing system known as EDGAR.
- Now they're pushing back with their own alternative platform, which they call the Proxy Open Exchange—or POE.
- In less than a week, POE has 63 filings, with dozens more expected.
- The SEC declined to comment about POE, but has previously told Grist that limiting access to the system is an attempt to rein in the scope of government.
The SEC headquarters in Washington, D.C.Chip Somodevilla/Getty via GristGet your news from a source thats not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.This story [+5350 chars]
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