From: Donald Wallace
Sent: March 18, 2016
Subject: RE: Disclosure Effectiveness Review

The SEC and its commissioners should continue to work on a rule requiring political disclosure from public companies, in the interests of their shareholders. Businesses should not be empowered to use backdoor political channels like nonprofits or associations to do their political bidding, and shareholders have a right to know how executives are using company resources for political purposes — especially if those purposes are against shareholders' interests.

Democracy requires transparency from all participants in the political process. Corporations are not exempt. Please mandate full disclosure of all political activities by public companies, monetary and otherwise.

Donald Wallace

Littleton, CO