May 9, 2008
I think many of the proposed changes will help the consumer to better understand what they getting involved with. I am however concerned about two things. This revised document will be a lengthy document and clients tend to not read them the longer they get. I'd hate to defeat the purpose of disclosure by giving them so much that they are overwhelmed. Second, I am concerned about the reuirement to send a copy of this docuemnt yearly versus offering to send it. Many of these will go in the trash, wasting paper, postage, labor costs etc. We gladly sedn copies to those cleints that request them and I feel that this is much more efficient and adequaet.