Based upon the formal and informal expectations of state and federal securities regulators, every investment adviser should consider developing a written information security plan. Rule 30 of Regulation S-P issued by the U.S. Securities and Exchange Commission (“SEC”) requires SEC registered investment advisers to adopt written policies and procedures designed to ensure the security and [...]
Category Archives: Privacy
Beyond the Privacy Notice – Safeguarding Confidential Client Information
Has your registered investment adviser firm gone beyond developing a privacy policy under Regulation S-P and established internal controls to protect confidential client information? This is the emerging expectation of state and federal securities regulators. For instance, the State of Massachusetts recently adopted a comprehensive and restrictive set of requirements to prevent client data security [...]
