January 14, 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.
Without full disclosures, anything can happen, such as bribes and illegal activities. In this day and age, as the secretive and illegal activities of Wall Street helped to bring our economy to its knees, and we're still feeling those reprocessions, many powerful people cannot be trusted to cdo the right thing. This is why you must enact public disclosure laws now rather then later.
Thank you for considering my comment.
Diane M Lesher