Not sure if this will become a regular feature here at Investor Relations Blog, but given the week’s other news on the usability of disclosure documents, I couldn’t resist.
What EDGAR now houses electronically — long disclosure documents from companies and mutual funds — are of course required to be printed and mailed to millions of investors at a cost of billions of dollars. And then what happens, once companies and mutual funds have mailed all of those long disclosure documents to America’s investing households? I’ve been the SEC’s Investor Advocate since January of 2006 and I’m still trying to find retail investors who actually read this stuff. — From a May 24 speech by James Freeman, Investor Advocate, Office of Investor Education and Assistance U.S. Securities and Exchange Commission
And this other idea makes sense how?