IRI CONGRATULATES PAUL ATKINS ON CONFIRMATION AS SEC CHAIR

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) congratulated Paul Atkins on the U.S. Senate’s vote to confirm his appointment as the next U.S. Securities and Exchange Commission Chairman.

“IRI congratulates Chairman Atkins on his confirmation to lead the U.S. Securities and Exchange Commission,” said Wayne Chopus, President and CEO at IRI. “We look forward to working with him and the Commission to ensure continued, strong consumer protection within a regulatory framework that fosters innovation, strengthens market access, and supports a secure path to retirement for all Americans.”

IRI will encourage the SEC to reconsider and ultimately withdraw several problematic proposals introduced by the prior Administration, such as the proposed rule on predictive data analytics and the proposed amendments to the registered investment adviser custody rule. As currently drafted, these proposals would harm consumers by impairing access to valuable products and services while imposing significant regulatory and compliance costs and burdens on the financial services industry.

Another IRI key priority is for the SEC to adopt electronic delivery as the default method for required disclosures. Shifting to electronic delivery enables the industry to offer dynamic, real-time information in place of static documents. Using a layered disclosure approach, consumers can more easily navigate electronic content and access the level of detail that best meets their needs.

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Contact: Dan Zielinski