We further investigate how jargon type affects the recall for investors with high industry knowledge. We find that the presence of good jargon increases the number of recall points (1.70 versus 2.04; F1, 99 = 2.24, p = 0.07, one-tailed), but the presence of bad jargon has no effect on the number of recall points (1.96 versus 1.78; F 1, 99 = 0.63, p = 0.43). This is consistent with our argument that while good jargon facilitates information processing, only investors who have sufficiently high industry knowledge are well adapted to disclosures with good jargon.