The Securities and Exchange Commission conducted a hearing Wednesday to determine whether it should promulgate new disclosure rules for public companies. On hand was Laura Berry, executive director, the Interfaith Center on Corporate Responsibility, a New York-based watchdog group.
Ms. Berry was joined by a host of other liberal/progressive representatives working hard to undermine First Amendment rights bolstered by the U.S. Supreme Court’s 2010 decision in Citizens United. Berry and her cohorts – Sen. Robert Menendez (D-NJ); Sen. Elizabeth Warren (D-Mass.); Professor Robert Jackson, Columbia Law School; Professor John Coates, Harvard Law School; Pat Doherty, Office of the New York State Comptroller; Heidi Welsh, Sustainable Investments Institute – argued that 600,000 letters were submitted to the SEC backing up their demands for more corporate disclosure.
As noted by the Center for Competitive Politics, a non-profit, tax-exempt organization in Alexandria, Va., that works to protect free speech, this assertion – and the underlying premises that are employed to defend – are completely false:
Our analysis found less than .01% of these submissions to be “substantive” letters containing unique text and coherent arguments from independent perspectives that were not duplicates, without complete names, or using form text.
99.71% of the comment letters stem from nine different form letters from union and Soros-funded entities, which have posted SEC submission links on their websites. (more…)