If you have all of the "invest at your own risk" language in the fine print, you provide complete information about the investment, and then the user does not r

If you have all of the "invest at your own risk" language in the fine print, you provide complete information about the investment, and then the user does not read the prospectus because it's too long / esoteric I'm not sure it gets to that level. The fact that these ratings have been assumed to be a reliable proxy for risk in the market (to the point that people automate based on it) is likely the bigger issue here and the larger cause of the systemic risk of incorrect ratings.