SEC Ripped For Dropping Political Spending Disclosure Rule

Law360, New York (December 4, 2013, 1:21 PM EST) -- Activist groups and unions on Tuesday blasted the U.S. Securities and Exchange Commission for dropping a proposed rule to require companies to disclose political spending, saying such regulations are urgently needed in the wake of the U.S. Supreme Court’s Citizens United ruling.

Dozens of organizations that comprise the Corporate Reform Coalition, including labor, environmental, impact investing and other groups said the decision by the SEC to remove a proposed rule requiring corporations to reveal political contributions from its 2014 agenda represents a step back for investor...
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