Subject: File No. S7-09-09
From: Brian R. Carlton, CFP
Affiliation: Huff, Stuart & Carlton
June 17, 2009
Release No. IA-2876
Suggestion:
- SEC simply require independent custody of all client assets
- That the independent custodians be required to send statements independently to clients
- That all deducted fees be disclosed to the client
This would stop fraud mentioned in release and would not cost you or us money.
Thank You.
Brian R. Carlton, CFP
NAPFA Registered Financial Advisor
Huff, Stuart & Carlton
1563 Crossings Centre Drive Suite 100
Forest, VA 24551