Vermont State Treasurer Mike Pieciak and five of his counterparts in other states are challenging the inclusion of President Donald Trump’s media company in one of the country’s major indexes that’s used to guide investments in the stock market.

Pieciak was the lead signatory on a letter this week to the head of the Russell 3000 Index, which tracks the performance of 3,000 of the country’s largest companies. The letter asks why the company that manages the listing, London-based FTSE Russell, decided last year to make Trump Media & Technology Group a part of its index.

In addition to Pieciak, the letter was signed by state fiscal leaders from New York, Massachusetts, Rhode Island, Connecticut and Maryland, as well the comptroller of New York City.

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