August 6, 2015
Rule 30e-3 is a bad idea. The negatives far outweigh the benefits. The individual investors are the "customers" and are paying to cost to ensure they get their investment reports in print. Studies have clearly shown print is preferred to electronic version and result in much better retention of information. Also, many people do not have access to the internet, how will they get their investment reports?
Also, the ENVIRONMENTAL BENEFITS OF PRINTED PAPER has been proved: Printed products save forests. Hard to believe? Not when you know the facts. Paper is a 100% renewable resource and 65.1% of all paper in the U.S. is currently recycled. By comparison, the recovery rate for metal is 36%; glass is 22%; and plastic is only 7%. Roughly 600 million trees are planted every year by the paper and forest products industry, surpassing the amount harvestedapproximately three trees for every one harvested. Nearly 60% of the energy used to make paper in the U.S. comes from carbon-neutral renewable resources and is produced on site at mills. This serves to divert waste from landfills; decrease the overall carbon footprint; decrease dependency on coal and other fossil fuels. Paper can be recycled, recovered, and reused. In contrast, electronic devices are more complex and expensive to recycle, recover and reuse due to the toxic nature of many of their components. The average data center serving our electronic devices consumes the same amount of energy as 25,000 households. Server farms that power computers are the fastest growing users of fossil fuel in the world, and the amount of energy they use is doubling every year. For more information, visit www.printgrowstrees.com
Rule 30e-3 is bad for investors and the environment, and goes against the wishes of the individual investors!