February 4, 2013
Dear Members of the Securities and Exchange Commission:
The greatest threat to law and the civil liberties of citizens of the u.s. and indeed the world, is the undue influence exerted by private interests. No where has this been more apparent than in the abuse of the election systems of free governments by wealthy corporate interests. Exploiting an invalid legal formula which implies that "corporations are people", increasingly corporate interests have sought to acquire all the rights of political involvement while continuing to exercise the special powers and privileges which only they may exert as large conglomerations of financial interests and concentrationns of economic influence and power.
This must stop. Both for the good of the political process itself, and more importantly the welfare of the people. There are many steps which can be taken to promote this public interest. Among them the SEC should immediately act to enact full disclosure requirements for all publicly traded companies.
Moreover, as a part of those requirements genuine penalties involving criminal prosecution and the very real possibility of criminal sentencing for executives who are found to be responsible for intentionally seeking to circumvent the legal requirements.
Criminal provisions may require a lengthy process involving legislation, nonetheless fundamental requirements, though possibly lacking the full force of criminal provisions, are available for enactment forthwith. Accordingly, I write so as to strongly urge the passing of such needed regulatory measures.
Mark A. Baker