May 9, 2013
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.
I truly believe that corporate money should be completely out of the political arena, but I understand that such a decision is out of the control of the SEC. However, the SEC's role in regulating public companies and their financial dealings is exactly why it exists. And and company that trades publicly should remain PUBLIC. Spending thousands, if not millions of dollars for political purposes should always be public information so that consumers and investors can make informed decisions about purchasing from and investing in those companies.
Thank you for considering my comment.