January 13, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
The Supreme Court ruling, known as Citizen's United, has brought our country a new standard in politics. The SEC has a responsibility to respond to this new standard by requiring openness of political expenditures by publicly-held companies. The political expenditures of a company effect the lives of the American people and therefore are different than other expenditures. The American people deserve to be able to judge for themselves how these now allowable expnditures are responded to by elected officials.
I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
Thank you for considering my comment.
Sincerely,
Cheryl Mosby