January 10, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
We should know who is funding what special interest. There are so many places that the money spent on the presidential race could have been spent. I do not want companies that I hold stock in to be able to contribute the gains to politicians. I invested that money to supplement my retirement not to go to a candidate that I oppose or any other one for that matter. I support public financing of elections with a cap on the money that can be spent.
For the last election the ads for politicians was way over the top!
Thank you for considering my comment.
Mrs Marie Leven