May 22, 2014
I understand that the Securities and Exchange Commission has dropped a rule requiring publicly traded corporations to disclose their political spending from the unified agenda. I believe the public is entitled to know why this was done and who at the Commission was in favor of this action.
It is my wish that the SEC return the rule requiring this political spending to the unified agenda so that it can, as it should be, complete the rule in 2014.
Now that the Supreme Court has ruled in Citizens United that corporations may spend freely on elections it becomes important to me as a stock holder how my investment is being used by corporations that have my money. I may have lent it to them, but the decision to allow others to use it must be accompanied by sunshine for me to ascertain if I am willing to keep my investment in place.
The SEC is an agency charged with looking out for the interests of investors like me and it is important that you all step up to the plate and work on my behalf to see that I know what is being done with my investment money. This is very important to me and disclosures should be timely posted on the SEC’s web site.
Thank you for allowing me the opportunity to comment.
Harold Nixon