In 2016, the U.S. Securities and Exchange Commission will remain focused on assessing cybersecurity efforts by investment adviseors and broker-dealers. The agency’s Office of Compliance Inspections and Examinations announced its “examination priorities” for the year on Jan. 13 and cybersecurity protocols were once again a top concern. This is the third year in a row tha cybersecurity protocols made the cut, according to Anne Peterson of McGuireWoods, who blogged about the OCIE guidance. Here’s what Peterson says you have to know:
• Secure? Prove it: “Security is no longer an academic discussion and … OCIE examiners will ask hard questions,” warns Peterson. They’ll want to know exactly how security measures work and will demand proof that they protect customers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
