kaal:claim:2811729-030

It is questionable whether retail investors typically have the experience or training to fully appreciate the risks disclosed in unconstrained mutual fund prospectuses.

Source quote, verbatim

First, it is questionable whether retail investors typically have the experience or training to fully appreciate the risks disclosed in UMF prospectuses.

From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), V. Policy Implications, p. 48
https://ssrn.com/abstract=2811729 · source PDF

Cite as

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

Holds when

average retail investors reading unconstrained fund prospectuses

Classification

failuresupport: arguedfailure: Comprehension gapfamily: disclosure-ineffectivenessdisclosuresecurities-law

Verify

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