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Denny Betz Comment On Regulatory Notice 25-05

Denny Betz
none

FINRA Regulatory Notice 25-05 and Proposed Rule 3290 - I'm writing to strenuously object to the adoption of this rule as being oppressive and a major step back in the bureau's efforts to be more pro-business and progressive. I deal with several advisers that would be negatively impacted by the adoption of 3290. This would cause them to leave their firms as I don't believe they would sell their holdings, I know I wouldn't and don't want them to. I'm not eager to find new advisors either. I'm invested in crypto since 2017 and this is one of the craziest rules I've seen anyone propose - Especially in the spirit of streamlining the rules in place. This cuts like a knife at the support fabric of the community by attacking both the needed advisors and the experts those of us work with to invest in our assets. Thank you. Sincerely, Denny Betz