Candidate for SEC© commissioner helps companies avoid disclosure

Publisher: Marketwatch

The Securities and Exchange Commission must find replacements for two commissioners soon, but one candidate frequently mentioned in the media, Keir Gumbs from law firm Covington & Burling, advises publicly traded corporations on how to avoid political spending disclosures, according to The Intercept.

Since at least 2013 Gumbs and partner Robert Kellner have organized “one-hour primers” for corporate executives responding to shareholder demands for more disclosure, the article says. Gumbs and Kellner just published a comprehensive how-to guide for companies.

The article says Kellner went on CNBC to attack Senator Elizabeth Warren for her comments in a letter to SEC© Chairwoman Mary Jo White that asked why campaign finance disclosure has been missing from the SEC© agenda. Kellner called Warren’s criticism of the SEC’s inaction on corporate political disclosure “misplaced because corporate political disclosure has utterly nothing to do with the SEC.”

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