(The Center Square) – The Securities and Exchange Commission would need to propose rules that allow for the default electronic delivery of regulatory documents to investors if a North Carolinian’s proposal in the U.S. Senate becomes law.

Improving Dis

The legislation would require the SEC to “establish a means for investment dis

A statement from Charles Schwab says, “Default e-delivery is long-overdue, as a large majority of investors prefer the speed and convenience of receiving documents electronically. E-delivery allows Schwab to deliver our products at lower cost, avoids waste, and is environmentally friendly.”

Republican Sens. Ted Budd of North Carolina, Mike Rounds of South Dakota and Katie Britt of Alabama, and Democratic Sens. John Hickenlooper of Colorado, Jeanne Shaheen of Ne

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