Full kudos on the young man who came up with this scheme. But if there ever was an idea that is ripe for abuse it is this one from all sides of the issue. Owning more votes than ownership? Always a bad idea. Enabling companies to buy votes to pass dumb things that are having a problem passing muster through the shareholders? Bad idea.

Thank you again, Gary Gensler and the SEC for focusing on the mostly useless when the most simple application of your regulatory authority can be applied here for the good of all shareholder mankind.

Votes for Sale! A Startup Is Letting Shareholders Sell Their Proxies

The company says it helps investors earn extra cash, but critics warn of potential for abuse

A new marketplace is letting investors sell their votes. Not everyone is happy about it.

Shareholder Vote Exchange is a small California-based startup that runs auctions for the rights to vote in shareholder meetings. Backers say it can help ordinary investors get cash for voting rights they are unlikely to use. Critics worry that buying and selling shareholder votes is rife with the potential for abuse.

Read the rest of the story at WSJ.com.