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Nick Clay Comment On Regulatory Notice 25-05

May 5, 2025

Ms. Jennifer Piorko Mitchell Office of the Corporate Secretary FINRA

1735 K Street

Washington, DC 20006

Re: Request for Comment on Regulatory Notice25-05

Dear Ms. Mitchell,

I am an owner of a Registered Investment Advisory firm and a registered representative of an unaffiliated FINRA member firm. I appreciate the opportunity to comment on the newly proposed Rule 3290 as set forth in FINRA Regulatory Notice 25-05.

Ted Ripperger Comment On Regulatory Notice 25-05

I do not support FINRA Regulatory Notice 25-05 and Proposed Rule 3290. Prohibiting a financial advisor who holds a FINRA license from personally investing in any crypto asset without first getting written approval from their broker/dealer as well as applying this rule to the advisor’s spouse, partner, children and anyone else living in the household is ridiculous and backwards thinking.

I'm not sure how this proposed rule came to be, but please stop this before implementation.