Subject: File No. 4-637
From: Judith Detert-Moriarty

March 29, 2014

SEC

I am deeply concerned about the influence of corporate money on our electoral process.

As a student of history, I know that even back as far as the formation of the first incorporation laws, corporate entries were considered "special" persons. However, in today's financial terms, that is no longer acceptable.

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 investors' money in secret. We live in a democratic nation but democracy -- and the rights of the voters who are charged with very serious choices -- is never served by secret deals, secret accounting or secrecy in back-room deals.

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. Any less is not worthy of a financial world or a democratic nation.

Thank you for considering my comment.

Sincerely,

Judith Detert-Moriarty