Mar 21, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
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 had no idea until now that the SEC could do something about this problem and I wonder why they have done nothing so far. What does this say about who is or is not in collusion with the greedy and corrupt corporations? Who is looking out for rest of us who work hard and pay taxes? 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. I am not just urging the SEC, I am demanding that they do the job they are set up to do or face the consequences of an outraged public.
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.
Ms. Lorna Buratto