The number of times in which the terms "Securities and Exchange Commission," "182 pages," and "spellbinding" can be used in the same sentence is certainly not very large. And yet write that I must. As part of the Dodd-Frank Act, lawmakers directed the Commission to figure out how much average investors knew about the stocks and mutual funds that they held.
Here's what they found: You are an idiot.
No, no, not you specifically, Frank Snardgaard of Jamestown, North Dakota. Everyone.
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