January 12, 2013
I am a senior citizen. I have pension funds invested in different corporations. Now I wonder, how much of my money is going towards undisclosed funds, dark money, political causes that I can't support.
I urge the SEC to require publicly traded corporations to publicly disclose ALL political spending. It should happen this year. The SEC can close the "escape clause," (the loophole enabling secret spending) and it should use its authority. This year.
I am dismayed to think my meager investments can secretly help to distort our democracy. The last election was the most expensive on record. It's scandalous to use people's pension money to work to undermine our form of government. It is scandalous to use our investments to back the candidates that the corporations prefer. I ask you to change this situation. I need to know what's being done with my investments. I cannot allow my little pension to back candidates and bills that are abhorrent to me.
Both shareholders and the public must be fully informed how much corporations spend on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SECís web site.
Thank you for considering my comment.