Mar 21, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
We are deeply concerned about the influence of corporate money on our electoral process.
In particular, we are appalled and disgusted that, because of the Supreme Court's ruling in Citizens United v. FEC, publicly traded corporations can spend investor's money on political activity in secret.
We write urging 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.
Wall Street and the SEC are undoubtedly "dragging their feet" on this as it would create problems for that Wall Street slime in dealing with the people whose money they are using for their own political gain.
Start doing the job you should be doing which is protecting the American people from this type of hidden agenda.
Sincerely,
Mrs. Shann and Mr. Dennis Ritchie