Oct. 29, 2023
File S7-04-23, Safeguarding Advisory Client Assets had too short a comment period. I'm also concerned about these things. 1. Increased compliance burden; 2. Unclear guidance; 3. Disproportionate costs; 4. Complexity of requirements; 5. Reduced innovation; 6. Barriers to entry for small businesses; 7. Lack of industry expertise; 8. Misaligned incentives; 9. Regulatory capture; 10. Limited transparency; 11. Overreaching jurisdiction; 12. Inconsistent enforcement; 13. Undue influence from special interests; 14. Fragmented regulatory landscape; 15. Retroactive application of rules; 16. Arbitrary deadlines; 17. Impossible compliance timelines; 18. Unequal treatment among industries; 19. Ineffective risk assessments; 20. Insufficient cost-benefit analysis; 21. Excessive fines; 22. Conflicting regulations; 23. Ignoring market realities; 24. Unintended consequences; 25. Vague definitions; 26. Inadequate consultation process; 27. Unfair competitive advantage; 28. Discouraging competition; 29. Encouraging fraudulent practices; 30. Creating unlevel playing field; 31. Neglecting potential negative impacts; 32. Flawed assumptions; 33. Underestimating implementation challenges; 34. Risk of litigation; 35. Difficulty in interpreting rules; 36. Hindering investment opportunities. 37. Counterproductive outcomes; 38. Stifling innovation; 39. Compromising data security; 40. Eroding public trust.