Washington, D.C. —CFA submitted a comment letter opposing a Department of Labor (DOL) plan to default retirement savers into entirely electronic disclosure. In the letter, CFA Director of Investor Protection, Barbara Roper, and Financial Services Counsel, Micah Hauptman, argue that there are many benefits of electronic disclosure, but decry a premature move to it based on implied consent that may result in fewer investors receiving and reviewing the important disclosures these documents are intended to provide.