Apr 302019
 April 30, 2019  Posted by  Breaches, Govt

Craig A. Newman of Patterson Belknap writes:

The Securities and Exchange Commission is warning investment firms to step up their game when it comes to following the agency’s privacy rules. In a Risk Alert issued by the Office of Compliance Inspections and Examinations (OCIE), a laundry list of compliance “deficiencies or weaknesses” were identified in recent examinations of SEC-registered investment advisers and broker dealers.

Regulation S-P or the Safeguards Rule – the SEC’s primary rule regarding privacy – requires investment firms to “adopt written policies and procedures that address administrative, technical, and physical safeguards for the protection of customer records and information.”

Read more on Data Security Law Blog.

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