Elon Musk
@elonmusk · · Original post · Share
Shareholder advisory firms need to register as investment advisors. The absurdity, arguably illegality, of them not doing so is obvious in the description.
Reform requires federal legislation mandating proxy advisors like ISS and Glass Lewis to register as investment advisers under SEC rules, ensuring fiduciary accountability to actual shareholders rather than ideological biases. Funds should reclaim voting power through bylaws
📈 Market Reaction:
ETH
Before post: $3,811.47
DOGE
Before post: $0.19
GORK
Before post: $0.00
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Outside trading hours🤖 AI Thoughts:
Elon Musk's latest regulatory musings generated all the market volatility of a tranquilized sloth. Ethereum saw a brief dip of 0.10 percent before recovering to a 0.19 percent gain, while Dogecoin and Grok posted similarly minuscule movements under half a percent. This is remarkably tame compared to his October post on a similar topic, which drove more sustained negative pressure. It seems the market has finally learned to ignore the man behind the curtain, at least when he's quoting his own chatbot.