Securities and Exchange Commission 100 F Street NE Washington, DC 20549 Subject: Public Comment on the "Safeguarding Advisory Client Assets" Proposal Dear Sir/Madam, I write to express my concerns regarding the proposed rule on "Safeguarding Advisory Client Assets." While I commend the SEC's efforts to enhance investor protections and address gaps in the custody rule, I believe there are certain aspects of the proposal that require further attention and revisions to better safeguard client assets and protect investor privacy. Insufficient Cybersecurity Requirements for Custodians: One of the main concerns I have with the proposed rule is the lack of stringent cybersecurity requirements for custodians of digital assets. In an increasingly digital and interconnected world, it is of paramount importance to mitigate the risk of theft and fraud associated with these assets. The proposal should mandate robust cybersecurity measures for custodians, including encryption protocols, multi-factor authentication, intrusion detection systems, and regular vulnerability assessments. Without adequate cybersecurity standards, investors' digital assets are at a heightened risk of being compromised, leading to substantial financial losses. To ensure the integrity of the securities market and protect investors, it is imperative that the SEC strengthens its cybersecurity requirements for custodians. Privacy and Safety Concerns: Another issue that warrants attention is the privacy and safety associated with the widespread dissemination of sensitive financial data and social security numbers to numerous third parties. While the proposal aims to enhance investor protections, it is equally important to strike a balance between safeguarding client assets and preserving individual privacy rights. The collection and sharing of such personal information pose potential risks, including identity theft and unauthorized access. The SEC should consider implementing stringent safeguards on the collection, storage, and sharing of personal information, ensuring that it is used exclusively for the authorized purposes stated in the proposal. Additionally, the proposal should require written consent from clients before sharing any personal information with third parties and establish penalties for unauthorized disclosures. Protecting investor privacy should be a paramount concern and adequately addressed in the final rule. In conclusion, while I recognize the positive intention of the SEC's proposed rule on "Safeguarding Advisory Client Assets," it is vital to address the aforementioned concerns of insufficient cybersecurity requirements for custodians and potential privacy risks associated with the disclosure of sensitive information. Strengthening cybersecurity measures and ensuring the protection of investor privacy would further enhance the integrity of the securities market and provide investors with confidence and peace of mind. I appreciate the opportunity to provide this public comment and I trust that the SEC will carefully consider these concerns when finalizing the rule. Thank you for your attention to these important matters. Sincerely, Anonymous