November 7, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I am disturbed that a corporation with more resources then an individual citizen, like myself, can have more power and influence because I cannot compete with the amount of money a corporation can pump into the system. How is this justice. While this injustice might be legally justified to date, its still unjust and the unfairness is not hard to deduce.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
I am writing to urge the Securities and Exchange Commission 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.
Thank you for considering my comment.
Sincerely,
Damaris Martinez