Subject: File No. Disclosure Effectiveness

September 27, 2015

The most significant changes that must occur is more transparency on financial statements. Publicly traded companies need to address this issue in their initial filings in detail. This includes the disclosure of the dollar value of dividends being paid to investors, how it is calculated to additional shares, how it will be presented on annual individual financial statements, and the breakdown of fees charged per individual investors. Too often these amounts are deliberately buried in financial statements that many small investors cannot read.