Our Mission

In 1950, retail investors directly owned more than 90 percent of the stocks issued by U.S. companies. Today, that number is closer to 30 percent, with securities markets these days increasingly being dominated by big, institutional and often passive holders.

Of course, on balance, the rise of passive investing, which is designed to track the performance of an index as opposed to trying to beat it, has been great for the retail investing community, generating steady, low-fee returns for millions of Americans.

But as the size and influence of these massive institutional holders has grown, so too has their power, influence and share of voice – drowning out the voices and interests of Main Street investors who, despite controlling the single largest pool of equity capital in the world, have almost no ability today to influence the decisions these funds make on their behalf, with their money.

The Main Street Investors Coalition was created to help change that. By doing so, it will help mitigate the agency costs created by U.S. stock markets that have come to be dominated by institutional investors. Stand with us as we seek to bring much-needed reform to a badly broken, costly and inherently unfair system.

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Main Street investors hold more than $16.9 trillion in stocks. That means we control the single largest pool of equity capital in the world. It’s time for our voices to be heard, and our agenda to be adopted.

Sign up to add your voice to the campaign.

A COMMONSENSE AGENDA

  • Demanding that fund managers focus on maximizing performance – not playing politics with other people’s money

  • Providing retail investors with more visibility into how the funds they own vote on their behalf

  • Forcing third-party, “black-box” proxy-advisory firms to be more transparent about potential conflicts of interest

  • Insisting that public pension funds meet the same basic regulatory and reporting standards as private pension funds

Main Street Investors’ Manifesto

The Latest

October 30, 2019 | Main Street Coalition

It’s Official: SEC to Consider Amendments to Proxy Solicitation and Shareholder Proposal Rules

Today, the U.S. Securities and Exchange Commission (SEC) announced it will hold an Open Meeting next Tuesday, November 5, to vote on whether to propose amendments to the proxy solicitation and shareholder proposal rules. The highly-anticipated meeting comes two-months after the SEC issued guidance to clarify investment advisers’ proxy voting responsibilities and alluded to forthcoming rulemakings.

October 25, 2019 | Main Street Coalition

Breaking News – SEC Set to Vote on New Proxy Advisor Rules

Earlier today , the Financial Times reported the SEC will likely move to vote on proposals that would impose new regulations on proxy advisors and changes rules regarding shareholder proposals. According to people familiar with the plans, the new rules would require proxy advisors to give companies that employ them two chances to review proxy ...

October 25, 2019 | Financial Times

US SEC to propose regulations for proxy advisers

The US Securities and Exchange Commission is set to propose new limits on shareholders’ ability to agitate for change at companies, handing a win to pro-business lobby groups. The SEC, led by chairman Jay Clayton, is expected to vote to propose rules that would require proxy adviser firms to give companies two chances to review proxy voting materials before they are sent to shareholders, according to people familiar with the plans.

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