Mar 21, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
As an American patriot, I am deeply concerned about the state of democracy in our nation. I know that "government of the people, by the people, for the people" is in danger from the disproportionate 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.
Ms. Julie Palich