November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
The unchecked secrecy with which corporations can spend investor's money on secret political activity goes against every democratic principle. Corporations are not people and although they do not have the right to vote outright, they are influencing the vote to a much greater degree than anyone could have foreseen. They have it better than the right to vote: they buy elections.
Please use your authority to issue rules to require publicly traded corporations to disclose all their political spending. This will put us on the road to doing something about the disastrous Citiizens United ruling. We need to be the Republic we were intended to be, not an oligarchy, which we have become.
I am deeply concerned about the influence of corporate money on our electoral process.
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.
Thank you for considering my comment.
Sincerely,
Sharon Logan