Mar 21, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
Are our elections being bought by foreign companies or are those companies influencing American companies to buy our elections? How would we the people know? Why would I want to invest in a company so influenced or owned by foreign interests, to the detriment of our great country?
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. FEC, 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.
Sincerely,
Mr. George Leone