Editor's letter

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The websites of financial regulators are usually full of legal jargon that can confuse even the most seasoned finance professional. So when I visited the US Securities and Exchange Commission (SEC) website last month, I was pleasantly surprised to see a directory of investor comments written in plain English (a favourite phrase of regulators but one which few adhere to themselves). The comments were posted in response to the SEC's proposal to raise the investment threshold for anyone who wants

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