SIFMA Statement on DOL Electronic Disclosure Rule Proposal

Washington, D.C., October 22, 2019 – SIFMA today released the following statement from Lisa J. Bleier, SIFMA Managing Director and Associate General Counsel regarding a new rule proposal from the Department of Labor (DOL) on electronic delivery of retirement plans disclosures:

“We support this commonsense and environmentally-friendly effort to modernize the transfer of retirement information in a digital age, which is consistent with the way Americans want to receive information. Participants of all ages and incomes increasingly prefer to access information online and believe that doing so makes it easier to act on the information.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.