Mar. 9, 2023
The individual investor supports proposal s7-04-23 Safeguarding Advisory Client Assets with most regard to the segregation of client assets. After the collapse of FTX and Alameda Research in connection to the alleged fraud involving \"tokenized securities\" it is apparent that comingling client assets with advisor assets poses extreme risk to all parties involved more significantly to individual investors. The individual investor also supports the further inclusion of holding client assets in the name of the client, with all rights reserved by the client over those assets, rather than the advisor. This would also help ensure that individual investors are protected from the misuse or misappropriation of their OWN assets in the event the advisor defaults, fails to remain in compliance, or the advisor's liabilities outweigh their assets.