February 2, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve, and have an implicit right, to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
A sound and functional democracy can tolerate none of these types of skullduggery. Openness is absolutely critical to the success of a democratic government! It cannot serve the constituents even remotely well without transparency in all activity.
Thank you for considering my comment.
Sincerely,
James DiMunno