Grading the use of plain English in firms’ disclosures of SEC disciplinary actions

BY CARL AYERS — IA Week, a publication of IA Watch It’s up to you to decide whether a disciplinary action is material enough to alert your clients (IA Watch, June 6, 2011). Following a widespread enforcement settlement with numerous advisers last September for short sale violations (IA Watch, Sept. 23, 2013), the advisers moved almost immediately to revise their Form ADVs. Some were more accomplished in their disclosures than others, according to Deborah Bosley of the Plain Language Group Read more […]