The SEC tried to silence activist investors. Now they’re fighting back.
Small investors, shut out of an SEC communication platform called EDGAR, built their own. They call it POE and say it will increase transparency.
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Tik Root Senior Staff Writer Published Apr 30, 2026 Topic Climate + Accountability Share/Republish Copy Link Republish Copy Link Email SMS X Facebook Republish Reddit LinkedIn Bluesky Since President Donald Trump took office, the Securities and Exchange Commission has made it harder for small and activist investors to raise concerns through the government filing system known as EDGAR. Now they’re pushing back with their own alternative platform, which they call the Proxy Open Exchange — or POE. Literary puns aside, the initiative is aimed at bringing greater transparency to an increasingly restricted space. In January, the SEC said it would no longer allow investors with less than $5 million in shares to use EDGAR to send communiqués called exempt solicitations to fellow shareholders.
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