February 2, 2013
Dear Members of the Securities and Exchange Commission:
In the last decade, the SEC has hurt the American people, overlooking Bernie Madoff, allowing investment banks too much leverage, etc. Now, here's a way to make up for it!
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.
Sincerely,
Alan V Somers, Esq (former Shearson broker)