Seeking to protect client assets, SEC may have hurt the client
The custody rule can put unnecessary burdens on both the adviser and the client.
For many people, the term "inadvertent custody" might describe the feeling a parent has upon finding someone else's child in the family room a half hour after the birthday party has ended.
In the world of investments, the term "inadvertent custody" may raise a feeling of unease as well. The Securi
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