November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
To the SEC -
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.
This makes it impossible for me to direct my retirement savings and investments and to companies that not only are run well, but use their corporate and PAC money in ways that I would support. Because of this lack of transparency, I may be undermining my own retirement plans.
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.