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David Blass Quoted in Regulatory Compliance Watch on New SEC Safeguarding Proposal
03.10.23
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Partner David Blass was quoted in an article titled, “Initial reactions to safeguarding proposal find faults,” which was published by Regulatory Compliance Watch. The article detailed what may lie ahead for the SEC’s safeguarding proposal that would replace the custody rule. When talking about some of the possible points of contention surrounding the proposal, David explained that it, “…doesn’t seem to acknowledge that some assets don’t lend themselves to ‘theft, loss and risk’ as they describe it. It’s pretty hard to make off with the whole company.”
To read the full article, please click here (subscription required).