Comments to the SEC on MSRB and FINRA Pay-to-Play Rules, File No. SR-MSRB-2015-14, File No. SR-FINRA-2015-056

Via Electronic Submission Mr. Brent Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-1090 Re:      MSRB and FINRA Pay-to-Play Rules, File No. SR-MSRB-2015-14, File No. SR-FINRA-2015-056 To the Chairman and Commissioners: This letter is submitted on behalf of the Center for Competitive Politics (“CCP”), a § 501(c)(3) organization founded to educate […]

Filed Under: Blog, External Relations Comments and Testimony, Federal, Federal Comments and Testimony, FINRA, MAP, MSRB, pay-to-play, SEC

Seven Pro-Free Speech Provisions in Omnibus and Tax Extenders Deal

Alexandria, VA – The Center for Competitive Politics (CCP), America’s largest nonprofit working to promote and defend First Amendment rights to free political speech, assembly, and petition, today released a fact sheet praising seven provisions in the Omnibus appropriations and tax extenders bills that protect or enhance First Amendment free speech and association rights. To read CCP’s fact sheet, click here. Among […]

Filed Under: Blog, IRS, Press Releases, Gift Tax, Omnibus, SEC, Tax Extenders

Omnibus and Tax Extenders Bills Contain Seven Provisions Safeguarding Free Speech

On December 16, 2015, Democrats and Republicans in Congress struck a deal on omnibus spending and Tax Extenders legislation. Lawmakers should be lauded for including seven provisions in these bills that protect or enhance First Amendment free speech and free association rights, including the constitutionally-protected right of private giving to advocate for social change. Specifically, […]

Filed Under: Blog, Corporate Governance Federal, Corporate Governance Handouts, Federal, Federal Press Releases and Blogs, IRS, IRS and the Tea Party, Executive order, Gift Tax, Omnibus, SEC, Tax Extenders

Wagner, Super PAC Contributions, and the SEC

Following this week’s en banc D.C. Circuit ruling in Wagner v. FEC, some commentators have suggested that the federal ban on contractor contributions should reach funds given to super PACs that make only independent expenditures. Over at the Election Law Blog, Public Citizen’s Craig Holman goes a step further, suggesting that Securities and Exchange Commission […]

Filed Under: Blog, Disclosure, public citizen, SEC

Professor Coates’ bad government proposal for the SEC

Last week, I commented on this blog post by Harvard Professor John Coates, in which he scolds the Securities and Exchange Commission for at least temporarily dropping campaign finance regulation from its agenda. I expressed disappointment that Professor Coates so credulously bought in to the idea that “hundreds of thousands” of “investors” had “written personally” […]

Filed Under: Blog, baa-baas, Dodd-Frank, goo-goos, John Coates, political disclosure, SEC, Securities and Exchange Commission

Did hundreds of thousands of “investors” really write “personally” to the SEC on corporate disclosure? No, not really.

As followers of this blog will know, for the last four years Democrats and others on the political left have been trying to get new mandatory disclosure requirements on spending related to politics. When this effort failed in Congress with the defeat of the so-called DISCLOSE Act, the effort went to the Federal Election Commission. […]

Filed Under: Blog, Communications, Disclosure, Disclosure Press Release/In the News/Blog, Featured Content, Uncategorized, baa-baas, Citizens United v. Federal Election Commission, Common Cause, corporate disclosure, DISCLOSE, Disclose Act, fraudulent claims, goo-goos, John Coates, public citizen, SEC, SEC Rulemaking, Securities and Exchange Commission

Darn those shareholders – don’t they know what’s good for them?

Proxy results keep rolling in, and shareholders keep voting against proposals to force more disclosure of corporate political activity, despite the continued assurances by dedicated “reformers” that “shareholders are demanding this information” and that “shareholders will benefit.” The latest results of the proxy season, keep refuting those contentions. Here are the latest proxy vote totals, with […]

Filed Under: Blog, Corporate Governance, Corporate Governance Press Release/In the News/Blog, Disclosure, Disclosure Press Release/In the News/Blog, Featured Content, Bank of America, corporate disclosure, Danaher Corp., Entergy Corp., Motorola, SEC, UPS, Verizon

Are shareholders demanding more corporate disclosure? Proxy results continue to say “No.”

As campaign finance activists and Democratic Party shills continue to urge the SEC to involve itself in campaign finance – in this case by requiring corporations to disclose publicly their trade association dues, contributions to 501(c) organizations, and all other expenditures that might at some point end up supporting the corporation’s political interests, one argument […]

Filed Under: Blog, Corporate Governance, Corporate Governance Federal, Corporate Governance Press Release/In the News/Blog, Disclosure, Disclosure Press Release/In the News/Blog, Featured Content, Federal, Federal Press Releases and Blogs, Chubb, corporate disclosure, EMC Corp., General Dynamics, IBM, Manhattan Institute, SEC, Valero Energy

Two more examples of shareholders’ actual views on mandated political disclosure

The Manhattan Institute’s indispensible Proxy Monitor reports two more overwhelming shareholder votes against disclosure of immaterial political expenditures. At Humana, a union introduced measure got just 20.7 percent affirmative votes; a disclosure proposal fared much worse  at CIGNA, getting just 6.2% support. We’ve been summarizing the votes here. Disclosure measures are now 0-14 when voted […]

Filed Under: Blog, Corporate Governance, Corporate Governance Press Release/In the News/Blog, Disclosure, Disclosure Press Release/In the News/Blog, CIGNA, corporate disclosure, Humana, Proxy Monitor, SEC

First of the spring proxy votes again show little shareholder interest in corporate political disclosure

Note: An earlier version of this post incorrectly claimed that Walden Asset Management had submitted a proposal at Praxair, and that they encouraged shareholders to decrease exposure in companies considering their proposals. Walden has never submitted a proposal at Praxiar. The post has been corrected to read Northstar Asset Management. Partisan political hacks and partisan […]

Filed Under: Blog, Corporate Governance, Corporate Governance Press Release/In the News/Blog, Disclosure, Featured Content, american electric power, center for political accountability, corporate disclosure, e-bay, praxair, proxy facts, proxy season, SEC, sheldon whitehouse, starbucks, walden asset management