November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
First, allow me to express my disgust with the past leadership of the SEC and perhaps some of the present leadership as well. Anyone who cozies up to the corporations they are monitoring should be fired and jailed for fraudulent, corrupt behavior! That included those involved with the Madoff scandal! Shame on you - go straight to jail! That said, I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
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.
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.