November 7, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
Our political system is a disaster. Corporate money is interfering
with our government by the people. We need to stop the influence of corporate money on our political system. We need to keep them honest and require complete transparent disclosure on all political spending by publicly traded companies. Please do not allow corporations to hide their political spending.
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.