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Securities Management and Research, Inc. and Berthel Fisher & Company Financial Services, Inc. Comment On Regulatory Notice 26-06

April 29, 2026

Ms. Jennifer Piorko Mitchell

Office of Corporate Secretary

FINRA

1700 K. Street, NW

Washington, DC 20006

Re:  Regulatory Notice 26-06- Request for Comment on Modernizing FINRA Arbitration Rules,

        Guidance and Processes

Dear Ms. Mitchell: