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The SEC studies regulating corporate voting



According to the Wall Street Journal, the SEC is studying regulating so-called "empty voting" -- that is, corporate voting without owning shares. This would move the federal government into another area formerly controlled by state corporate law. This is part of the attack on hedge funds, fueled by the fairy tale of "shareholder democracy." Here's an analysis of what's really at stake.

 

 


Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.