Atkins argues SEC rules prevent firms from using modern technologies like apps, video, and podcasts for disclosure.
“We have made it hard for firms to experiment with cellphone apps, streaming video, podcasts, virtual conference room presentations, and anything else that is not an e-delivered pdf.”
Atkins hopes e-delivery will enable interactive and customized disclosures impossible with paper.
“I hope to see interactive and customized disclosures, something that is not possible with paper.”
Atkins says market participants report Rule 611 introduces unnecessary complexities and inefficiencies in today's technology-driven trading environment.
“we have repeatedly heard from market participants that in today’s evolving technology-driven trading environment, these provisions often introduce unnecessary complexities, burdens, and inefficiencies.”
Atkins says paper delivery should be a relic in the age of AI and blockchain technology.
“In an age of artificial intelligence and blockchain technology, a default to paper delivery should be a relic, not a standard.”
Atkins notes the SEC first recognized electronic delivery potential in 1995.
“Starting in 1995, the Commission recognized the potential of new technology to electronically deliver information to investors and other market participants.”