September 07, 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.
50 years ago, a Republican, President Dwight Eisenhower, warned of the dangers of a military-industrial complex. Cannot imagine what he would have to say of the cozy relationships between industry and decision makers today. To capture the strength in our nation, we must increase transparency, limit some of the enormous spending in political advertising and promotion, and definely make certain that the amount of money and recipients of political contributions from industry are clearly disclosed.
Thank you for considering my comment.
Sincerely,
Shifra Fraifeld