April 28, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
In addition, I think that whoever is funding the SuperPAC, ie. the company owner, president, COO, and CFO, their names and liknesses should be posted on all actual television and radio commercials purchased with the SuperPac funds. This could be much like the statements similar to the following that politicians use: "I'm [politican or company owner/pres. name] and I support this ad". Factual information should not be difficult to provide.
Thank you for considering my comments.