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 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.
As a shareholder that's been ripped off by Wall St. of 30% of my retirement nest egg, I would love to see what the 'owners' are spending the money on...as would millions of other baby boomers in this country...regardless of political leanings.
Thank you for considering my comment.
Mr. Dave Eklund