Subject: Comment on File Number 4-637

April 30, 2012

I fully understand that the SEC cannot be a blunt instrument of anti-corporatism and that it has considerable bounds to its jurisdiction.

However, transparency of political donations is fully in line with the SEC's mission and the Citizens United v. FEC ruling. If the SEC does not act, firms can use these PACs to evade taxes, hide securities revenue, or even launder money.

Thanks for considering this comment.

Sincerely,

David Liao