August 3, 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.
In a culture that drives businesses towards transparency for their stakeholders, this ruling is digressive. Transparency requires readily available, free information for each stake holder. Whether these data points are provided via paper or electronic delivery, one should not be forfeited for the other, nor should such decision be at the discretion of the investee over the investor.
Thank you,Jessica Siske