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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015


State Comptroller DiNapoli Statement on Proposed SEC Rule Changes

November 6, 2019

"The SEC's proposals are two of the most significant actions to restrict shareholder rights in the SEC’s history. There is no credible evidence to support the need for these proposals, and if adopted, they would undermine corporate accountability, entrench managements’ opposition to shareholder proposals and increase costs for investors. These proposals are contrary to the SEC's mission to protect investors and our financial markets. Along with other investors, I will continue to voice my opposition to these actions and my support for greater corporate accountability."