Political Quotes

“Now, this so-called e-delivery provision makes electronic delivery the default communication method for all investors, whether they like it or not. AARP research indicates that a majority of American investors, 80 percent of which are 55 years of age or older, prefer to receive their documents in paper. However, under this provision, investors who prefer to receive information about their investments by paper will need to opt in to paper delivery by computer even if they previously opted for paper statements. This is why the e-delivery provision is opposed by the AARP and most major unions and investor protection organizations, including, again: Americans for Financial Reform; American Federation of Labor and Congress of Industrial Organizations, AFL-CIO; Communications Workers of America, CWA; Consumer Federation of America, CFA; National Education Association, NEA; the American Federation of Teachers, AFT; National Nurses United, NNU; Public Citizen; Service Employees International Union, SEIU; The Academy of Financial Education, AFE; United Auto Workers, UAW; the North American Securities Administrators Association, NASAA; and the American Federation of State, County, and Municipal Employees, AFSCME.”