Aug
23
The Pitched Battle Over Mutual Fund Reports You Probably Don’t Even Read
By-
Mutual funds argue SEC proposal would save millions of trees
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Paper companies say going digital would harm elderly investors
Like many Americans, Ken Winterhalter wants the financial industry to pay for its past recklessness. His favored punishment, however, isn’t jail time for CEOs or bigger corporate fines.
Instead, the president of Twin Rivers Paper Co. has zeroed in on something a bit closer to home: stopping a U.S. Securities and Exchange Commission plan that would spur more investors to get mutual fund reports online.
“After the nightmare of the meltdown in 2007 where millions of shareholders watched their holdings evaporate, Wall Street must remain accountable with paper statements and printed information,” Winterhalter wrote to the agency after it made the proposal last year…
The Pitched Battle Over Mutual Fund Reports You Probably Don’t Even Read
