Conciseness In Product Disclosure Statements

Context

When you place a bet on a horse in a horse race, you know that you might lose your money. When your horse finishes nowhere, you might be disappointed, but you go into it with your eyes open and accept that there was always a risk that this might happen.

Investors who have lost money in investment schemes in recent times were not merely disappointed, but were upset because they felt that their money was exposed to risks that they didn't properly understand.

That might be the fault of the promoters, or the fault of investment advisers, or the fault of people who operated the investment schemes, or even the regulator may be to blame.