Pacific Stock Exchange Also Against Prop. 211

The Pacific Stock Exchange should have been included in “NYSE, Nasdaq, Amex Contributing $520,000 to Defeat Prop. 211” (Aug. 27), the trial lawyers’ initiative allowing unlimited lawsuits against publicly traded companies.

We have donated $15,000 to this effort, which is by far the largest commitment ever made by the exchange to a political campaign.

Prop. 211 is nothing short of appalling. It is ill-conceived and poorly drafted. If adopted, it would expose directors of California companies to unlimited personal liability for sudden stock market movements over which they have no control.

DALE A. CARLSON

Vice President

Pacific Stock Exchange