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Former Commissioners Slam SEC for Inaction on Political Spending Rule

Joe Mont | May 27, 2015

It has been submitted as a rulemaking petition twice since 2011, garnered 1.2 million comment letters, sparked a superhero-themed ad campaign, and is the subject of a current lawsuit. The latest push to get the Securities and Exchange Commission to act on a largely ignored demand that companies disclose political contributions and spending on lobbyists: pressure from former commissioners.

“The Commission’s inaction is inexplicable,”...

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