From: tmstaley [tmstaley@netzero.net]
Sent: Monday, October 28, 2002 4:01 PM
To: rule-comments@sec.gov
Subject: mutual funds

October 28, 2002

Subject: File No. S7-36-02

Dear SEC Secretary,

I am writing in support of the SEC's proposed rule to require mutual fund 
companies to disclose how they vote on corporate proxy resolutions.  

 

Since they hold all of my retirement funds, I believe I have a right to know 
what they are doing.  I would only suggest that your proposed rule be more 
demanding of full disclosure as well as be fully on the side of the people 
who hold shares in these companies. After all, it is our tax dollars that 
support your organization.

 

In the absence of public disclosure of proxy policies and proxy voting records, 
there is no way for me to know whether the manager of my mutual fund is acting 
in a manner that reflects my wishes.  As a mutual fund shareholder, I want to 
know how my mutual fund is voting on issues that matter to me.  I want potential 
conflicts of interest exposed.  I want to know what principles will guide the 
mutual fund in determining how it votes in corporate proxy contests. 

 

I believe that as an owner of a mutual fund, I am entitled to know how my proxy 
is being voted. I urge the SEC to stand up for investors.

 

 

Sincerely,

 

 

Thomas M. Staley

 

tmstaley@netzero.net