On January 18, 2012, the Securities and Exchange Commission published a request for public comment on financial literacy and investor disclosure issues that it is studying as part of a review mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Dodd-Frank Act directs the SEC to conduct a study of retail investors’ financial literacy and to submit its findings to Congress by July 21, 2012. The SEC is using qualitative and quantitative research, including investor testing, to help inform the study.
“Many of the issues that the Dodd-Frank Act identified for Commission study directly affect individual investors. As a result, we are especially interested in receiving comments from individual retail investors,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.
To that end, the SEC is seeking public comment on financial literacy and investor disclosure issues. The public comment period will remain open for 60 days following publication of the request in the Federal Register. If you wish to be a part of the public comment process, you may access the link supplied below. All comments will be made accessible, so submit only information that you wish to make available publicly.
http://www.sec.gov/cgi-bin/ruling-comments?ruling=4465&rule_path=/comments/4465&file_num=4465&action=Show_Form&title=Comment%20Request%20for%20Study%20Regarding%20Financial%20Literacy%20Among%20Investors