November 26, 2012
Dear SEC Members,
It is long past time for the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending. In the 2012 election cycle, we saw the few billionaires desperately trying to force their will down the throats of the electorate by huge overspending. Example: over $42 million spent trying to defeat an Ohio senator, Sherrod Brown.
A consitutional amendment to do away with these practices is needed, but that takes time. At the least, the SEC should require these billionaires to man up and put their names out on the open where we can all see them.