March 21, 2012
Our electoral process is a total mess due to the influence of unnamed corporations funding cancidates and ads. Between robocalls we don't want to pick up and negative ads on TV we are not interested in, we are required to give up our personal time to listen to corporate hogwash. There is no regard for our needs ro priorities, and we are REAL persons. The worst part is that, because of the Supreme Courtís ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend large amount of investorís 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 to their investors. This is within the scope of the SEC and protects investors from having their money spent for candidates they do not support. 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 SECís web site.
Thank you for considering my comment.