What does opting out of information sharing accomplish for a consumer?

Opting out of information sharing is a consumer's choice to prevent the disclosure of their nonpublic personal financial information to third parties. This action provides individuals with greater control over their personal data and privacy. By opting out, consumers can safeguard sensitive information from being shared without their consent, thus reducing the risk of identity theft or unauthorized access to their financial details.

The other choices represent different concepts that do not align with the purpose of opting out. For instance, allowing the sharing of information with more parties directly contradicts the idea of opting out. Similarly, enhancing product promotions does not relate to privacy protection, and encouraging independent financial planning is not a direct result of decisions surrounding information sharing. Therefore, preventing the sharing of nonpublic personal financial information directly addresses the core intent behind opting out.