November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
An inappropriate result of the Supreme Court's ruling in Citizens United v. Federal Election Commission has allowed any publicly traded corporation to spend investor's money on political activity without revealing it to its own shareholders. This is simply not acceptable for the owners of a company to be left in the dark about how their investments are being used.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Shareholders must be provided full information on a corporation's political spending and the nature of that spending (which candidates are being supported or attacked). I do not believe that a corporation should be able to hide such spending from its investors--any more than they should be able to hide other aspects of their budget. There is simply no reason this information should be withheld--publicly traded corporations must not be allowed to hide these types of expenditures.