The Secure Times

An online forum of the ABA Section of Antitrust Law's Privacy and Information Security Committee

Proposed SEC Rule Would Impose Breach Response Obligations on Brokers, Dealers, Etc.

Leave a comment

A new rule proposed by the SEC on March 4th would impose breach response obligations on brokers, dealers, registered investment advisors and investment companies. Under the rulemaking authority of the Gramm-Leach Bliley Act, the SEC’s proposed rule (an amendment to existing Regulation S-P) would set forth more detailed standards for information security programs, and would require these types of entities to notify the SEC as well as affected individuals when they suffer an information security compromise, under certain circumstances.  For more detailed information about the proposed rule, see the SEC’s press release.  Here is the text of the proposed rule


Author: ABA Antitrust

Learn more about the ABA Section of Antitrust Law:

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s