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. This should also include any monies funneled into PACs, directly to candidates', and otherwise donated to political spending indirectly by the corporation. For example, Corp. A gives money to Person Q who doesn't seem to be connected to a candidate. Person Q gives money to Person C, who is directly connected to a candidate. Person Q is a "dummy" person, like a dummy corporation. This dummy person could be a dummy corporation as well. Neither "dummies" should be allowed to be used as donation funnelers without the public's knowledge.
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.
Sincerely,
Ellen Jampole