May 5, 2016
Two suggestions:
1) We need standardized language for brokerage companies to use related to transactions. Specifically, when I put in an order through the TRowe Price brokerage (run by Pershing) to buy a stock at a specific price, I'm given a choice of "good until cancelled." I was surprised when TRowe cancelled it after 90 days. When I complained to SEC, they said TRowe was faultless because they had specifically defined the words "good until cancelled" as "cancelled after 90 days." That's a cruel, illogical use of language.
2) It would be nice for mutual fund companies to show their fees in customized, dollars-and-cents in each person's statement. The companies could easily do this at little, if any, added expense, since they now use a thing called "computers."