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.
Currently, corporations are being allowed to conceal their political contributions both from the public as well as their own shareholders. I feel this is anti-democratic in that it gives corporations an unfair advantage over individual contributors and therefore unethical and contrary to the principle of open government ann open political system. Corporations have a vested interest in promoting profits over the public interest.
Thank you for considering my comment.
Eduardo Ojeda Jr.