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Message: VOTING

I was talking to a friend of mine and he posed me a question!!!! He said that he had heard that it is a common practice for trading houses to vote on behalf of shareholders on issues that need to be voted on if the shareholder doesn’t. Trading houses, apparently have some kind of liberty in voting for the shareholder, and although they generally vote with management, they don’t necessarily have to. This worries me !!! What happens when it comes to voting on a low ball buyout offer. Does anyone have any info on this!!!!!!!!

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