RCW coverage of Regulation S-P, the privacy rule
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Reg S-P
Amended Reg S-P would require the customer notice of a breach that would have to be “in writing,” either on paper or electronically
"Under these amendments, covered firms will be required to notify customers of breaches that might put their personal data at risk"
This new proposal from the SEC would revise Reg S-P to require IAs, ICs and B-Ds to "adopt written policies and procedures for incident response ...
"Today’s proposed amendments are a mixed bag of practical improvements and potentially conflicting requirements"
Given cyber breaches, "we must do everything in our power to enhance cybersecurity practices by market participants and to protect investors’ sensitive personal information"
"When personal information or assets are stolen, the results can be calamitous. It can lead to identity theft, stolen savings, ruined credit, and other effects ...
"Recent recordkeeping charges settled by Morgan Stanley Smith Barney speak to how important it is that market participants properly safeguard customer information"
"Assuming those inspiring words did not convince my colleagues to postpone this rulemaking until we undertake a moonshot harmonization project, let me highlight some other ...
Through sharing some of the Regulation S-P compliance issues it observed, OCIE encourages registrants to review their written policies and procedures, including implementation of those ...
CSC used email addresses other than those with the Firm’s domain name—@craigscottcapital.com—to electronically receive more than 4,000 faxes from customers and other third parties. These ...
