February 2, 2013
Dear Members of the Securities and Exchange Commission:
Secret activities by publicly traded entities is a contradiction in terms and it is the duty of the SEC to insure that the public trust is not being betrayed, that those who manage the corporations are truly representing the will of the people who've invested in them.
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 to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.
Sincerely,
Larry Fontes