January 10, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
the concluding comments are my specific concerns regarding the SEC and investments. Large Corporations and Investment entities are often shrouded in the "mystery" of complicated rules, regulations, and "special speak" only understood by their system. In finance, people who did not receive a degree in economics are often in a boat with no steering other than those who represent the institutions they are doing business with. The decision by the Supreme Court which designates Corporations as people has shown that their comments stating " there is no evidence that huge anonymous donations to political parties would result in corruption" resulted in the most expensive election campaign in history and it is very difficult to impossible to trace the origin of much of the money. I am convinced that if and when this decision is revisited, the evidence will show the contrary. If the SEC would impose and enforce regulations requiring full disclosure of political spending by publicly owned companies. Action to shed the light of simple truth on what I believe is truly a web of deception and self interest. Shareholders and the Public should have a clear picture of this nebulous practice that is present now.
Thank you for considering my comment.
Patricia K Dell Veneri