SEC Issues Risk Alert Noting Common Regulation S-P Compliance Issues

A legal update on privacy, data security, and all things cyber by the attorneys of Alston & Bird.

Learn more about federal priorities – from OCIE ransomware risk alerts to SEC guidance on proxy voting to the CFTC and NFA – that will affect the investment industry in the latest issue of Investment Management Updates.

On January 28, 2020, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”)  released a detailed set of observations culled from thousands of examinations of registered investment advisers, broker-dealers, clearing agencies, national exchanges, and other SEC registrants (“Observations”).  These Observations represent the most detailed compilation of strategies and tools that OCIE has observed to promote […]

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Investment advisers and broker-dealers can expect more scrutiny of their data security from the Securities and Exchange Commission. Our Cybersecurity Preparedness & Response and Investment Management, Trading & Markets teams explore how multiple SEC divisions will be assessing capital market participants’ cybersecurity risk management.

Following OCIE’s recent and detailed risk alert regarding the threat of ransomware, the SEC today announced that it has created the Event and Emerging Risk Examination Team (EERT) as a part of the Office of Compliance Inspections and Examinations (OCIE).  The EERT will engage with registrants regarding emerging threats and current market events, to provide […]

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