Atkins argues paper-default delivery no longer matches majority investor preferences in the modern era.
“Delivering information via paper unless the investor affirmatively elects otherwise no longer reflects how the majority of investors prefer to receive information.”
Atkins cites SEC data showing 80% of U.S. investors prefer e-delivery for non-personal documents, 63% even for personal information.
“The Office of Investor Research within the Commission’s Office of the Investor Advocate found that nearly 80% of U.S investors prefer some form of e-delivery for financial disclosure documents that do not include personal information, and also that a majority (approximately 63%) prefers some form of e-delivery even for documents that do include personal information.”