Mar 21, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
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. FEC, 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.
I see Corporations or the top 1% income earners of our population, when using lobbyist's, etc.. to influence government or elected officials, to do their bidding, as the same as someone committing bribery, of law enforcement or a judge, in our society. You would throw a 99% incomer in jail, at the blink of an eye. For the richest of us, this is on a treasonist scale to me.
Your supposed to provide protections for the American People and in the past, you seem to have been asleep at the wheel. Now you have a chance to do your job.
Thank you for considering my comment.
Mr. Thomas Joy