December 3, 2013
I have interests in a couple of publicly traded corporations. I need to know if and how these entities are using corporate money for political action.
Everyone needs to know.
This is not a "nice to know" or "I bow before the unknown board members and their almighty wisdom and personal political agendas" situation. This is business, just common sense business that I (and other investors plus all citizens) know how and how much money is being spent.
Is my retirement savings being used? My dividends? Money needed for ongoing upgrading of company infrastructure?
At this point it is hidden. This is completely unacceptable.
If I invest in a company/corporation, I am absolutely not handing over my money for them to make political contributions secretly/privately. I think it is criminal to use monies in that way.
I expect you, the Securities and Exchange Commission, to protect the shareholders, businesses, and this country.
At the least, disclosures need to be posted promptly on the SEC's web site. Large fines need to be imposed and collected publicly and promptly for non-compliance.
This country functions only when integrity is part of our business life. I expect the SEC to act in securing clarity, protecting shareholders, and this country from unprincipled business practices..
Thank you for considering my comment.