November 26, 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.
Despite what the Supreme Court stated, corporations are NOT people. The recent election is proof that the leadership of our country could potentially be bought due to the millions of dollars that corporations and very rich people pour into the candidates' campaigns. This is not what our forefathers wanted, and is not what the majority of Americans want. I would suggest that the SEC also let the televised and printed news know of these "donations".
Thank you for considering my comment.
Sincerely,
Linda Colford