In my years as a registered rep, I've never had a single client who ever 
admitted to reading an entire mutual fund prospectus; they're just too 
cumbersome, boring and in reality 90% useless for the man on the street. 
 Profile prospectuses sound like one of the greatest ideas since the
advent of sliced bread.  Hopefully, your agency will act swiftly to get 
this approach into law.
     
Roger A. Martin
Livada Securities