In the Margins

Consumer group slams SEC paperless report rule

June 7, 2018

By Financial Advisor

The Consumer Federation of America has argued that the Securities and Exchange Commission new rule allowing mutual fund companies to disseminate shareholder reports electronically would make it more difficult for investors who prefer paper reports to get them in that format. “In a move that prioritizes profits of the mutual fund industry over informed investor decision-making, the commission voted to erect new barriers for investors who prefer to have their disclosure documents delivered to them in paper through the mail," Barbara Roper, the Consumer Federation of America's director of investor protection, said in a prepared statement. Read the original story from Financial Advisor.

 

 

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