August 7, 2015
Rule 30e-3 would impede access for many investors, especially the elderly, those with disabilities, and minority Americans – all 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, according to the Investment Company Fact Book, 34 percent of this population owns mutual funds.2, 3
Paper records of my personal investments have survived the crashing of hard drives. These records provide the cost basis for tax purposes. Without them the tax input data would have been compromised.
John Stolarz