Doug Cornelius on compliance for private equity real estate
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 »
There was much cheering when federal regulators finally released their Final Model Privacy Notice Form back in November. That was quickly followed by a gnashing of teeth when it turns out the regulators did not understand the concept of a form or how to use Adobe Acrobat. They merely created a static document that you … Read more »
Eight federal regulatory agencies today released the final model privacy notice form. It’s supposed to make it easier for consumers to understand how financial institutions collect and share information about consumers. Under the Gramm-Leach-Bliley Act, institutions must notify consumers of their information-sharing practices and inform consumers of their right to opt out of certain sharing … Read more »
Its great that regulators come up with privacy disclosure forms, but are they effective? The Securities and Exchange Commission has reopened the period for public comment on proposed amendments to Regulation S-P, which implements the privacy provisions of the Gramm-Leach-Bliley Act. [15 U.S.C. §§6801 – 6809] They opened back up for comment because they tested … Read more »