Edwin Hu
@_edwinhu_
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Associate Professor @UVALaw. Former @SECGov Economist, @SECJackson Counsel, Division of Elon Musk.
Joined July 2016
Proud to see my first law paper out in the SLR. Thanks to the wonderful editorial team for their hard work, and everyone who provided feedback!
Colleen Honigsberg, Edwin Hu & Robert J. Jackson, Jr. identify thousands of financial advisors who have committed serious misconduct and exited the federal regulatory regime—yet continue to advise investors. @StanfordLaw, @nyulaw (2/4)
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Prof. @_edwinhu_’s co-authored paper analyzing how shareholders use customized proxy advice won the @NFA_CA Best Paper Award in Corporate Finance.
law.virginia.edu
University of Virginia School of Law professor Edwin Hu’s co-authored paper analyzing how shareholders use customized proxy advice won the Northern Finance Association’s Best Paper Award in Corporate...
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Institutional investors rely heavily on customized recommendations from proxy advisors. Customization helps funds express their ideologies and allocate attention effectively, from @_edwinhu_, @nmalenko, and Jonathon Zytnick https://t.co/7qbUzY46AC
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Empirical law and finance expert Edwin “Eddy” Hu, a former economic adviser to an SEC Commissioner who has already shaped the field, will join the #UVALaw faculty on July 1. @_edwinhu_
law.virginia.edu
Professor Edwin “Eddy” Hu, an empirical law and finance expert, will join the University of Virginia School of Law faculty this summer.
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US regulators are expanding their crackdown on misleading labels of investment products with a probe focused on whether managers of funds marketed as sustainable are trading away their right to vote on ESG issues https://t.co/ET28YnEvKm via @business
bloomberg.com
US regulators are expanding their crackdown on misleading labels of investment products with a probe focused on whether managers of funds that are marketed as sustainable are trading away their right...
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Econ research in a nutshell.
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But the argument that proxy votes "impose" on firms makes little since since proposals are precatory under Delaware law.
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To be sure, there may be reasons to prefer engagement over proxy voting as there is at least correlative evidence that the former is effective (in Europe). https://t.co/hmcmAmcJZJ
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So rather than utilizing the more transparent proxy voting process (which is not binding) they are going to use less transparent "engagement."
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And likely one of the most consequential Acting Chairs in Commission history. Her leadership on ESG issues will influence policymaking for decades.
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Law schools offer some pretty silly classes—e.g., NYU had a "corporate governance seminar" about WeWork taught by current/former execs where the reading consisted of inspirational quotes (seriously). Maybe they should offer statistical literacy instead.
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"George McCain is a rising senior at The Lawrenceville School in Lawrenceville, New Jersey. He plans to study economics and computer science in college." and soon a Ph.D in finance?
Why a 17-year-old high school student built a system to track senators’ personal stock trades.
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One account cast 1mm of the total 1.15mm votes in favor of taking over the account. More generally token-voting is extremely unrepresentative due to: - No or low quorum reqs - Simple-majority decision rules and - Extremely low participation
Solend DAO passes proposal to take over the account of a large holder with a position that poses systemic risk June 19, 2022 https://t.co/uNZanzz5qJ
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Are index providers providing investment advice? https://t.co/nyndqOqHdb
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An interesting look inside DAO start-up financing problems. "VC" invests in DAO through SAFT agreement. DAO tokenholders vote to cancel SAFT. DAO leadership steps in proposing a buy-out to avoid potential litigation.
Uhh… a massive DAO just voted to “refund” one of their investors who was owed a 30x return ($5M+) This is an insane story that impacts all builders in web3 and as a founder I need to speak out Merit Circle DAO vs YGG 🧵
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“It’s this story about, you know, the dark side of ESG just being used for marketing purposes.” This week on the @FT’s Behind the Money, we hear from ESG whistleblower Desiree Fixler (w/ analysis from @Temple_West) Listen here 🎧 https://t.co/bKR87q2WPt
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A quick 🧵about PFOF: why @Public rejected it and what today's speech by @GaryGensler means.
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However, bestex is notoriously difficult to evaluate for both regulators and courts so there are reasons to be skeptical of the efficacy of any new rule. https://t.co/ZPvy6OhngI
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Today's "reasonable diligence" standard under FINRA Rule 5310 is more like a "best efforts" rather than "best execution" rule. So perhaps it makes sense for the SEC to get involved.
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