Image Credit: Alex Nabaum
If you think your job is tough, try simplifying financial disclosures.
A new Securities and Exchange Commission rule requires brokers and financial advisers to describe their services, fees and conflicts of interest in “plain English” and a maximum of four pages.
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
SEC report, “The Retail Market for Investment Advice“
Rand Corp. report, “Investor Testing of Form CRS Relationship Summary“
Dolly Chugh et al., “Bounded Ethicality as a Psychological Barrier to Recognizing Conflicts of Interest“
Ellen Peters et al., “Bringing Meaning to Numbers: The Impact of Evaluative Categories on Decisions“