Regulation S-P – Privacy Notices and Safeguard Policies

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a risk alert on compliance issues related to privacy regulations. The alert comes from recent examinations of broker-dealers and registered investment advisers. Regulation S-P is the primary SEC rule regarding privacy notices and safeguards. The Risk Alert doesn’t cover all of the … Read more »

Phone Phishing

The old-fashioned telephone turns out to be a way to hack into other people’s accounts. Voya Financial was the victim of cybercriminals using their phones instead of their computers. Voya ran the portal for its investment advisers and registered representatives to to manage the accounts of their customers. Voya also had a support line to … Read more »

New SEC Rule to Protect Investors from Identity Theft

The Securities and Exchange Commission adopted new rules requiring investment advisers, broker-dealers, mutual funds, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft. In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act amended the Fair Credit reporting Act to add the SEC to … Read more »