December 3, 2013
What is your mission and how is the SEC evaluated internally and by what outside body?
I am appalled to learn that the Securities and Exchange Commission has dropped the rule requiring publicly traded corporations to disclose their political spending from the unified agenda.
With proof of the Citizens United pudding being a disaster that allows corporate money to buy elections and misinform citizens about our government with out-and-out propaganda I expect your role to FULLY INFORM and protect investors like me.
Bottom line, we have the right to know and it is your responsibility to see that we are fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked. The SEC is responsible to promptly post disclosures on the SEC’s web site. No one should presume your agency is without responsibility to us while giving full freedom to corporations to be deceptive,
I expect professional ethics would move your agency NOT to give a green light to the misuse of my retirement savings and investments in a partisan political war chest.
Do you realize how dropping the rule increases the feeling of rape in the land and it would be even more intensely experienced if the agency that is expected to look out for the interest of shareholder and investors is the agent that opens the door to the offender.
Return the disclosure rule to the unified agenda and complete the rule in 2014. Please don't raise a question of the motives of the SEC when we need to be moving the country forward instead of being distracted by issues that should not exist.