[deeths]

If the SEC gives guidance that something is high risk, and you are paying someone to managing your money with the understanding that you want a low-to-moderate risk portfolio, then if they lose it on what the SEC calls high risk, now you have a case against them being irresponsible. I don't think this is so much to educate investors as it is to provide some liability incentive for investment managers to inform their investors about the risks in their portfolios if they're taking these sorts of bets.