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.
At the very least, this gives investors full disclosure concerning the activity of a corporation they may be investing in or considering an investment in. The fact that corporations are now allowed to hijack our political system is wrong in so many ways it's mind-boggling. If they are allowed to so heavily influence our political system and keep their contributions secret, that adds insult to injury and is not the way that American should be operating.
Thank you for considering my comment.
Karen S. Killmar