About half of the nation’s financial advisors personally own crypto. If this rule is enacted, upwards of a hundred thousand FAs will have to inform their B/Ds of their crypto holdings and seek written permission to keep them. If permission is not obtained, the FAs will be required to sell their crypto assets, transfer to another firm that permits their investments, or be terminated.

Re: Comment on FINRA Regulatory Notice 25-05 – Proposed Rule 3290

Submitted by: Desiree Moreno Pineyro

Date:05/05/2025

To:

Jennifer Piorko Mitchell

Office of the Corporate Secretary

Financial Industry Regulatory Authority (FINRA)

1700 K Street, NW

Washington, DC 20006

Dear Ms. Mitchell,

We do not need more regulation. We need less and financial advisors should be allowed to own digital assets!