August 6, 2015
I know first hand how online only creates confusion and impedes access to important financial information for my family. Proposed Rule 303-3 would impede access for many investors, especially the elderly, those with disabilities, and minority Americansall demographics that are less likely to have regular Internet access. For example, 41 percent of Americans over 65 years of age do not use the Internet yet (Pew Research Center, 2014). According to the Investment Company Fact Book, 34 percent of this population owns mutual funds.
I support providing an option to continue to receive printed and mailed financial services documents without forcing people to jump through federally-mandated hoops to do so. Therefore, I oppose this proposed SEC rule and urge its members to take action now by commenting against the proposed regulation.