The following Letter Type E, or variations thereof, was submitted by individuals or entities.

Letter Type E:

I am writing to oppose the SEC's proposed Regulation E-Delivery [Release No. 33-11430], which would make electronic delivery the default method for providing important retirement account statements, prospectuses, and other required investor disclosures without first obtaining affirmative consent. 

While electronic access can be useful for investors who knowingly choose it, defaulting everyone into electronic delivery would create unnecessary risk for people who still need, prefer, or reasonably rely on paper records.

Important financial disclosures should be easy to receive, review, save, and revisit. For many Americans, paper documents remain the most reliable way to track retirement account information, understand fees and risks, and maintain records for household decision-making. A default electronic-delivery system could make these materials harder to find, easier to overlook, and more difficult to preserve over time.

The current approach already allows investors to select electronic delivery when it works for them. The proposed rule would instead shift the burden to individuals to identify a notice, understand the change, and take action to preserve paper delivery. That burden is especially concerning for older adults, people with disabilities, rural residents with unreliable broadband, low-income households with limited technology access, and anyone who is less comfortable managing sensitive financial information online.

For these reasons, I urge the Commission to keep paper delivery as the default and preserve electronic delivery as an affirmative opt-in choice. Investors should not have to opt out of a delivery method they did not request in order to continue receiving essential financial information in a form they can reliably use.

Thank you for considering my comment.