How the SEC’s Proposed Custody Rule for Crypto Comes Up Short for FAs

In 2003, the SEC amended the rule to maintain up with technological advances in capital markets infrastructure, which have made just about each side of the advisory business extra environment friendly. The modernized rule, which higher outlined custody and primarily eliminated any assumption of paper belongings, has been serving advisors and purchasers nicely, permitting trusted, certified custodians to supply custody and plenty of different providers to the business.