Aug. 22, 2023
I disagree that the proposed rule would be of a benefit to investors, pertaining to operational interactive websites as it would make it harder for smaller entities to conduct business solely based on the amount of clients they may have and if their website may not be up to the standards of the SEC or state regulators, if a website is the only way an entity provides its clients with investment advice then requiring the operational interactive website proposed rule could harm that entity even if that entity has clients in other states, the SEC and congress should readdress the entire rule and make it easier for investment advisers to conduct such activities as long as they keep up to date records, registration requirements etc. especially for form ADV which is already a lengthy and time consuming requirement, obviously the SEC should use it resources to investigate fraud more so than trying to make it harder for legitimate investment advisers to conduct business. there's plenty of fraud and particularly securities fraud in regards to stock market manipulation that the SEC should be more concerned with instead of making rule changes to internet investment advisers who rely on the exemptions that are already very limited.