November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
Any corporate involvement in politics should not be allowed. If, however, that is so, at least have them disclose to the country and even the world, where that money is going. Politics should not and cannot be supported in this way. If it must be allowed, it should be have limits and open disclosure. Politics should always be "of the people, by the people and for the people" not the corporations.
One of the people,
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.