Subject: Other Initiatives to be Undertaken by the SEC in Response to the Dodd-Frank Wall Street Reform and Consumer Protection Act
From: Terry Prentice

May 22, 2015

Written notifications from Brokerage to client regarding transfer of funds between different accounts, rule took effect January 2015

My wife and I have several accounts with Schwab, including IRA's, community property brokerage acct, checking account, and there are transfers that we have personally scheduled for each month and they are ongoing. There are other occasions where we make a transfer on a one time basis.

We initiated these transactions electronically through password protected process.  Since January 2015, we started to receive written notifications regarding these same transfers that we ourselves initiated even though we have elected to receive ALL correspondence electronically.

Our past experience with the US Postal Service is that they make a number of mistakes in delivering the mail.  Sometimes we did not receive checks, bills, other notices, etc., and there were other times when we received correspondence that had been opened (obviously delivered to some other address).

Since January 2015 we have received most of the notices, but there were two that we did not receive and apparently those notices were delivered to some other residence other than ours.  There is identifying information on these notices, showing our name, address, brokerage institution, amount of transfer that my neighbors don't need to know.  Also an identity thief does not need to have that information handed to them as a result of an overly broad SEC regulation.  That point has been delivered very clearly to me in the last two months when I became a victim of identity theft (reported to Experian).

Please amend the regulation so that people such as my wife and I no not have to receive written notification through the US mail of transactions that we initiated.  I do not give any broker or adviser the authority to invest, transfer funds, or take any action on our accounts.  All transactions are initiated by me in every instance.  That is why I went through several brokerages before selecting Schwab as our brokerage.

There is no reason that if a verifying notice needs to be sent to the investor, such as myself, that it cannot be sent electronically (email)

Your prompt response in addressing this problematic regulation is appreciated



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Terry Prentice
If your political representatives haven't solved problems you expected them to solve in 1 or more terms, or voted themselves special exemptions (Insider trading exemption, Affordable Care Act exemption, annual raises more than Social Security, special pension plan, etc.), or failed to introduce or vote for legislation to cure these inequities.  FIRE them and vote for someone else.
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