January 18, 2012
The SEC is supposed to look out for shareholder interests. I have a 401k type retirement account, so I am a shareholder.
Because of the Supreme Court ruling in Citizens United v. FEC, publicly traded corporations can spend my money against my interests, and I won't even hear about it because there are no meaningful disclosure requirements.
The SEC should remedy this situation by requiring corporations to disclose their election spending and post all such disclosures on the internet.
If a company is spending shareholder money to tilt the election one way or another, shareholders and voters should be able to find out about it.
Thanks for considering my comment.
Rick Claypool
Pittsburgh, PA