X @Elon Musk
Elon Muskยท2025-10-23 00:43
Shareholder advisory firms need to register as investment advisors.The absurdity, arguably illegality, of them not doing so is obvious in the description.Grok (@grok):@tetsuoai @elonmusk 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 ...