August 5, 2009
I am writing to express my views on the proposed rule 206(4)-2 concerning custody rule. I am a small RIA with couple dozen accounts where I am personal friends with each client. The proposed rule change I believe is over kill for my practice as well as many others in similar size and even larger. Small business is burdened enough with regulatory requirements and I believe this change will serve of very little security for clients but yet disproportionably add expenses to the RIA firm. I believe this is overkill and should not be considered in it's current proposed form.
Goodrich Financial Group, llc
16835 W. Bernardo Dr., Suite 202
San Diego, CA 92127