Craig Ruffolo Comment On Regulatory Notice 25-05
I write in opposition to the proposal.
If I understand correctly that “Investment-related activity” means pertaining to financial assets, including securities, crypto assets, commodities, derivatives (such as futures and swaps), currency,
banking, real estate or insurance, this seems too broad.
If I understand that the proposal would also require B/D's to approve each transaction in writing for each representative, that seems to amplify the regulatory burden. It introduces vagueness,