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Cybersecurity: SEC is starting to scrutinize registrants’ practices

Daniel A. Nathan (Partner, based at Morrison & Foerster LLP, Washington, DC, USA)
Libby J. Greismann (Associate, both are based at Morrison & Foerster LLP, Washington, DC, USA)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 28 October 2014

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140

Abstract

Purpose

To alert broker-dealers to the SEC’s plans to examine their cybersecurity practices, and offer advice on compliance.

Design/methodology/approach

Reviews the SEC’s proposed cybersecurity framework and provides suggestions for broker-dealers to address and respond to these proposals.

Findings

The SEC is still focused on gaining more information about the state of the cybersecurity industry in the broker-dealer context.

Practical implications

Broker-Dealers should review the framework and prepare to be flexible and responsive to changing guidelines that may emerge.

Originality/value

Breaks down the SEC guidelines in plain English and analyses the import of these guidelines. Offers practical advice for compliance.

Keywords

Acknowledgements

© 2014 Morrison & Foerster, LLP

Citation

A. Nathan, D. and J. Greismann, L. (2014), "Cybersecurity: SEC is starting to scrutinize registrants’ practices", Journal of Investment Compliance, Vol. 15 No. 4, pp. 4-6. https://doi.org/10.1108/JOIC-07-2014-0029

Publisher

:

Emerald Group Publishing Limited

Copyright © 2014, Authors