April 28, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
In the age where transparency is disappearing, candidates and those who contribute to their campaigns should be a matter of public record. The American people have the right to know who is backing candidates and with how much money. The government is supposed to represent the American people, and with these huge contributions, these politicians become sold to the highest bidder.
Please bring ethical practices and democracy back to our electoral process. Thank you for considering my comment.
Sincerely,
Yvonne Teofan