August 11, 2015
As an investor, I would prefer to receive paper transmission for reports and communication from my investment firm. Paper is still the preferred method of transmission for investors. In a recent national survey, 88 percent of respondents said that they understand and can retain or use informaiton better when they read print on paper. 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.
Although I realize the option would still be available to receive paper transmission, this rule would make it the responsibility of the investor to "opt in" to paper distribution as opposed to "opting in" to the electronic version.
According to the SEC's own study conducted by Siegel Gale in 2012, 71 percent of American investors said they prefer to read annual reports in paper format rather than online versions and a large number of respondents assert that printed materials yield higher content comprehension than online materials.
I would expect the SEC to present some data contracy to this study if they are truly "representing the investors" in this matter.