Bravo Texas plans to compete with New York-based exchanges, namely the NYSE and NASDAQ, with the announcement of the Texas Stock Exchange. Terminally liberal New York, with their distinctly anti-business and redistribution style of government, is the last place that should host this duopoly and serve as the seat of America’s financial power. Higher fees associated with listing on the New York exchanges is one thing, but when NASDAQ decided to impose DEI standards as a prerequisite for listing shares…….that’s quite another. As an investor, I am more concerned about a company’s bottom line and the hiring of competent managers, not the number of women and “underrepresented minorities” or “LGBTQ+” members in their boardrooms. ESG and DEI standards should remain in Europe and have no place in America’s financial exchanges. This PC attitude is stifling commerce and distorting social values.
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