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Will the SEC Add to Facebook’s Woes?

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The internal studies that show Facebook has known about its harms to children, and its role in inciting violence and health misinformation, worry investors like Julie Goodridge, a portfolio manager for NorthStar Asset Management. She, along with the New York State Comptroller’s Office and other investment funds, filed a motion for the next shareholder meeting, calling for the removal of Mr. Zuckerberg’s power as majority voting shareholder.“We care very much about bad behavior, and these are the kind of things that we believe hurt the company in the long run,” Ms. Goodridge said.Gary Gensler, who took over the S.E.C. in April, has said the agency needs to step up enforcement when companies don’t adequ …

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