January 28, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
Iím writing to urge the commissionís prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SECís 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 companyís normal business activity.
From wcom,enron,hlsh,madoff, high frequency trading and on and on, the public is realizing wallstreet is crooked and corrupted. Just look at the daily volume - people are looking for alternate ways to invest their nestegg. Shapiro et al, have done NOTHING for the public. I find myself increasingly investing with european companies because of their better honesty. this industry needs robust, effective, and hard punishment to gain back the public trust.
Thank you for considering my comment.