The SEC often requires impractical action, perhaps to a far greater extent than is necessary to alert an ordinarily informed investor.
Just one example: The expense of having banks, mutual funds and corporations send out useless, expensive, legalese financial literature, that the recipients do not read because they cannot understand the terms the SEC has the senders use.
The only ones who can profit are the lawyers. If a dot or letter isn’t properly crossed or is missing, the lawyers will sue the senders of that hard-to- read or comprehend mail. Again, at the expense of the poor mail recipients who never benefit from the impractical information anyway.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment