Political Quotes

Pat Toomey: “It seems like a glaring conflict of interest if in fact they are receiving revenue or seeking revenue from a business…”

On the recordJune 27, 2018
It seems like a glaring conflict of interest if in fact they are receiving revenue or seeking revenue from a business, while at the same time advising investors how to vote the shares of a proxy.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey highlights a conflict of interest with proxy advisory firms.

Share

More from Pat Toomey

Dec 13, 2022

It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.

congress.gov
Dec 13, 2022

I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.

congress.gov
Dec 13, 2022

Congress can and should offer a sensible approach for the domestic regulation of these activities.

congress.gov
Dec 13, 2022

There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.

congress.gov

Other voices in this conversation