March 28, 2004
I think this is a worthwhile rule to adopt.
I think the proposed forms provide some of the additional worthwhile information about both the amounts and percentages of money involved and conflicts of interest.
The form lists only a few standard potential conflict of interest categories, but does not leave room for text to be included for any less common ones that might occur for a specific organization or individual broker.
I think that the version of the forms for disclosure BEFORE purchase are the most valuable. It may of course add a time delay to purchasing for investors who are buying via the telephone. I assume purchasers who wish to buy immediately via telephone could waive their right to receive the completed forms before the purchase.