April 17, 2012
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.
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. Certainly shareholders must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. This information should be available to the general public as well, with disclosures posted on the SEC’s web site.
Thank you for considering my comment.
Ralph Elias
Baltimore, MD