What the SEC Cybersecurity Crackdown Means for Financial Advisers
The U.S. Securities and Exchange Commission takes protecting clients’ data seriously. In August, the SEC ordered eight financial firms to pay a combined $750,000 in fines for shortcomings in cybersecurity protections that led to client data being exposed over a four-year period. The firms were charged with violating the so-called Safeguards Rule, which requires registered broker-dealers,...
