From: Eugene Falik
Sent: March 7, 2016
To: rule-comments@sec.gov
Subject: File No. S7-25-15

Re: File Number S7-25-15 - Comment to Proposed Rule on Disclosure of Payments by Resource Extraction Issuers

I am writing to express my OPPOSITION to the Commission’s proposed Rule 13q-1 to exempt “social and community payments” from certain reporting requirements.

I SUPPORT the position of Harry G. Broadman and Bruce H. Searby in their letter of January 25, 2016.

Many years ago, when I worked at Exxon Corporation, the company had a very simple rule regarding improper payments.  All payments had to be fully and properly reported on the companies books.  The assumption was that a person making improper payments would not want them to appear on the public books of account.  Here as elsewhere, the old saw, “sunlight is the best disinfectant” hold true.  REQUIRE DISCLOSURE.