SEC’s Atkins Touts Plan for Digital Delivery of Fund Documents

US Securities and Exchange Commission Chairman Paul Atkinssaid he has instructed his staff to draft a proposal letting funds deliver electronic documents to shareholders by default instead of mailing out packets.

It’s been a repeat request from groups like the Investment Company Institute and the US Chamber of Commerce, which for years have complained to the SEC about the cost and burden of paper requirements.

“We are in the the 21st century,” Atkins said Monday at a Chamber of Commerce event, adding that requiring paper documents that get thrown in a landfill is “not the best way to ...