May 22, 2014
I understand that the Securities and Exchange Commission has dropped the rule requiring publicly traded corporations to disclose their political spending from the unified agenda.
This action is not in the public interest. Investors and the public needs to know whether their invested money is being spent on political purposes.
This action of the SEC follows the Supreme Court’s Citizens United ruling, which was, in turn, followed by the predictable glut of election spending. The SEC needs to understand that corporate “dark money” was part of the "free speech" referred to in the Citizens United decision. The whole business is simply wrong, covering up expenses from me, as an investor, that I should at least know about.
If I invest my retirement money in a business, and they give part of it to a politician, I want to know who is receiving it, but only you can insist that this happens. Please require that these expenses be posted promptly on the SEC's web site.
Thank you for considering my comment.Stuart Swenson