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. Further, America needs to know when foreign entities are laundering money through US corporations to influence the US political process. Full disclosure is a vital interest of investors, not just the rich but rather all investors including those whose funds are in retirement plans like IRAs and 401ks holding equity in US corporations. The time is now to hold corporate America accountable to patriotic and personal financial interests -- after all we own them but the system as it is now created does not let us exercise our freedom of choice!
Thank you for considering my comment.
Wayne E. Grewe