March 14, 2012
The Securities and Exchange Commission
Dear Securities and Exchange Commission,
If the stated goal of the "Securities and Exchange Commission" is to protect consumers, then this one should be a no brainer. If companies can use our retirement savings to back political candidates who will, in turn, then help ensure the future profitability of their company, we have every right to know who those companies are, and where they are spending our money.
The rights of the "consumer" aside (interesting that we are called consumers over citizens), there is no question whatsoever that corporate funded politics are one of the primary reasons for the mess we find ourselves in. Decreasing the amount of money used by corporations to purchase elected officials is a more than welcome side effect of informing consumers of where their retirement funds are being "invested".
I urge the Securities and Exchange Commission to issue a rule requiring publicly-traded corporations to disclose all their political spending.
I can't think of a more appropriate action possible for you to take.
Please, prove to us that you are not just another magic trick and do your job.