May 14, 2012
To whom this may concern,
I am a voting citizen of the United States of America. I believe in the concept of capitalism, but I also know that money begets power, and left unchecked, that power corrupts. It is the job of the SEC to maintain control over corporate America so that corruption does not take place. So, far, you all have been doing a terrible job.
As long as corporations have curtains to hide behind, there will be corruption that will risk the well being of millions of Americans and the health of our economy so a few can reap the rewards of the many. This is patently unfair, and not the American way. You all have an opportunity to lift the corporate veil of secrecy and expose those who wish to hide their corruption.
It is your responsibility to make the playing field level for all. Let the people see what the corporations are doing. If they are corrupt, the consumers will levy punishment on those who deceive. Those corporations who are not corrupt will flourish with the new found business that moves from the corrupt corporations. It is our right as citizens of this great nation to be allowed to know what public companies are doing.
Adopt all transparency provisions of the Dodd-Frank Law. Let corporations stand on their policies and records in the light of day, not in the shadows and alleyways of the past.
Michael Overacker