August 6, 2015
To whom it may concern:
I OPPOSE the SEC's propose rule (30e-3) that would eliminate the requirement for investor information to be transmitted by paper statements and annual reports and instead deliver this information electronically.
This would put an undue burden on a large number of people who currently prefer and file their statements for future review the old fashioned way - in a filing cabinet. Statistics show that a large number of the population (elderly or remote) do not use nor do they have regular access to computers and internet.
Furthermore, these reports are investor tools, something that many review and re-read many times over. To add the inconvenience of having to view all of their important papers electronically would potentially confuse or cause many to miss important information that they depend on to make many of their investment decisions. 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.
Please consider squashing this over-reaching rule and keep the current mandate of paper delivery of important financial documents.