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Exact(20)
A full and simple disclosure is no disclosure at all.
But simple disclosure, in itself, is often insufficient.
A simple disclosure would help strengthen compliance and signal seriousness about ethics.
Even the simple disclosure that an investigation into a company's practices had been started could crush its stock.
Perhaps a simple disclosure of whether employees are screened in accordance with USPSTF guidelines might be a better starting point.
"Tax preparers should be required to provide a clear, simple disclosure of tax preparation fees to consumers before beginning the process of tax preparation".
Similar(40)
Simple disclosures can sometimes do the job, but they can also be self-defeating due to what we might call an "ignorance externality". Designing policies to work around such perverse effects may be possible, however, by drawing on heuristics introduced here.
"This means both monetary agreements and non-monetary exchanges, such as free products or paid trips, must be disclosed". Compliance can include simple disclosures like #ad, #sponsored, or (our favorite) #paid, but can be communicated in natural language.
Protectionism and overregulation should be resisted, and proper attention should be devoted to the creation and enforcement of risk-based transparency that is, clear and simple disclosures of how financial firms generate earnings and which risks they assume in the process.
As a rule of thumb, look first for less complex financial products where possible, and always favor sellers that use simple disclosures, clear print, and plain English instead of legalese in their agreements.
"We are very concerned about the loopholes in the hedge fund title of the legislation," wrote AFL-CIO senior policy adviser Heather Slavkin, "particularly the exemption for private equity and the failure to allow the SEC to require that hedge funds and private equity funds make simple disclosures to investors and creditors".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com