Lawrence A. Cunningham’s Quality Investing: SEC’s climate change proposal gives Main Street investors no voice. Here’s how to make yourself heard.


The home page of the Securities and Exchange Commission (SEC) website declares a commitment to Main Street investors, acknowledging that U.S. households own $38 trillion worth of equities — almost 60% of the U.S. equity market — either directly or indirectly through mutual funds, retirement accounts and other investments.

Yet Main Street is nowhere to be seen in the SEC’s recent 500-page proposal prescribing extensive company disclosure concerning greenhouse-gas emissions in their operations as well as in those of their…

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