SEC to Study Investor Financial Literacy
Date: 19 January 2012
Source: SEC
The Dodd-Frank Act requires the US Securities and Exchange Commission (SEC) to conduct a study of financial literacy among investors. The study is intended to find ways to improve the timing, content and format of disclosures, by identifying the “most useful and understandable relevant information” needed by retail investors. It is further designed to find ways to improve transparency about conflicts of interest. It is seeking comment on the proposed study, with a deadline of 60 days after the request for comment appears in the Federal Register.