The Priorities of the Securities and Exchange Commission

While shareholder access languishes (actually a good thing), the petition by the Business Roundtable to reform the Shareholder Communication Rules sits unaddressed, and amendments to NYSE Rule 452 to prohibit brokers from voting uninstructed shares for directors seems to be going nowhere, the Commission has nonetheless moved on apparently more pressing matters.  Today, it announced that the Division of Market Regulation will henceforth be called the Division of Trading and Markets (the old name for the Division, before 1972). 

With this important work done, we hope to see movement on the matters of more pressing importance to shareholders.