Cybersecurity: SEC is starting to scrutinize registrants’ practices

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.

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