Oct. 23, 2023
Cameron Victor [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Subject: Public Comment on "Safeguarding Advisory Client Assets" Proposal (SEC File Number *insert file number*) Dear Sir/Madam, I am writing to provide my public comment on the proposed "Safeguarding Advisory Client Assets" rule (SEC File Number *insert file number*). As an investor and concerned citizen, I have carefully reviewed the proposal and would like to express my strong concerns regarding privacy in the digital world. While I appreciate the Securities and Exchange Commission's (SEC) efforts to enhance investor protections and address gaps in the safeguarding of client assets, I am deeply worried about the potential privacy risks associated with allowing numerous third parties to access my sensitive financial data and personal information, including my social security number. In the digital age we live in, privacy has become a critical matter of concern for individuals and businesses alike. The proposed rule, by requiring advisers to share custodian information and custodial account numbers with clients, may inadvertently expose investors to a heightened risk of identity theft, fraud, and other forms of privacy breaches. The ease with which personal information can be exploited in today's interconnected world underscores the need for robust safeguards and stricter privacy measures. Additionally, the SEC's lack of sufficient expertise in digital assets and cryptocurrency is concerning. This lack of understanding of the industry's unique characteristics could lead to inadequate safeguards and protections for investors in this rapidly evolving field. The SEC should strive to engage experts with specialized knowledge of digital assets and cryptocurrencies to ensure the proposed rule adequately addresses the risks and challenges specific to these assets. Failure to do so could compromise the effectiveness of the proposed rule and weaken investor protections. It is crucial for the SEC to strike a balance between investor protection and individual privacy rights, especially when it comes to sensitive financial data. Without adequate safeguards and privacy protections, investors may be hesitant to engage fully in the financial market, potentially impeding economic growth and innovation. I would like to request that the SEC give careful consideration to the privacy implications of the proposed rule. Stricter privacy protocols must be implemented to safeguard investors' personal information from possible exploitation and misuse, both in the financial realm and the broader digital space. Thank you for providing me with the opportunity to express my concerns and make a public comment on this matter. I strongly urge the SEC to prioritize privacy and ensure that the final rule strikes an appropriate balance between safeguarding advisory client assets and protecting the privacy rights of investors. If additional information or clarifications are required, please do not hesitate to contact me. I appreciate your attention to this vital issue. Sincerely, Cameron Victor