May 10, 2016
I believe in full disclosure by mutual funds. Investors should have complete and accurate information as to how much they are paying a mutual fund to invest for them.
I also object to companies reporting earnings and sales using non-GAAPnumbers. Only GAAP numbers have real meaning and anything else is confusing. Non GAAP figures are meant to hide what is really happening to a company. Investors cannot make accurate decisions using non GAAP results. I am really surprised that the SEC has allowed this.
Please suggest to the SEC that non GAAP results should not be allowed when a company reports their sales and earnings each quarter and for the year.