Investors large and small have weighed in on two Securities and Exchange Commission proposals dealing with shareholders' rights to nominate directors to company boards. With the comment period ended last Tuesday, many now say they fear their rights may be curtailed.

"Both proposals are deeply flawed," wrote Edward J. McElroy, president of the American Federation of Teachers, in a Sept. 27 letter to the Commission. The statement is a pointed example of the mostly negative sentiment expressed in thousands of comments to the SEC.

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