Comment from Betterment
BettermentSupportBusiness
Summary: Betterment, a wealth and savings platform, enthusiastically supports the IRS Notice 2026-32, which allows carrying broker-dealers to satisfy certain nonbank trustee rules by meeting SEC Net Capital and Customer Protection Rules. The company argues that these standards are already stringent and suggests further streamlining the application process through cross-reliance on existing regulatory records and a simplified notice-based application.
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