November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I believe that the success of our nation has been in large part due to the checks and balances which were built into the structure of our system. Having corporations able to spend immense sums of money in secret to control our country is destroying the very fabric of the nation.
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.