Section 917 of the Dodd-Frank Wall Street Reform and Consumer Protection Act  2010 directs the Securities and Investments Commission ("SEC") to conduct a study of retail investors’ financial literacy and submit its findings to Congress by July 21, 2012. The SEC is seeking comment on methods to improve the timing, content, and format of disclosures to investors regarding financial intermediaries, investment products, and investment services. It also requests comment on information that retail investors need to make informed financial decisions on hiring a financial intermediary or purchasing an investment product or service typically sold to retail investors, including mutual funds. In addition, the SEC seeks comment on how to make investment expenses and conflicts of interest in investment transactions more transparent to investors.