April 29, 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. Furthermore, 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.
Not only that, to the extent possible, we should all -- and YOU should espcially! -- discourage corporations from making ANY contributions to campaigns for public office and/or to the negative advertising put out by the numerous PAC's, which have only been encouraged by the relaxing of the rules in recent years. I'd like to see some action in this connection as well, even in advance of getting a constitutional amendment to bar these practices.
Thank you for considering my comments.
Sincerely,
Paul Corell