Tag Archives: investment advisor

State Securities Regulators in Massachusetts and Illinois Survey Investment Advisors on Cybersecurity Practices

Picking up on the SEC’s initiative to assess cybersecurity preparedness discussed here previously, state securities regulators in Massachusetts and Illinois sent to investment advisors registered in their respective states a survey on their cybersecurity practices.

The Massachusetts surveys were sent on June 3 and a response is due on June 24. William F. Galvin, Secretary of the Commonwealth, whose jurisdiction includes the Massachusetts Securities Division,… More

SEC Issues Risk Alert on Cybersecurity Initiative for Investment Advisers

Our colleagues Catherine M. Anderson and Jennifer M. Macarchuk have summarized the recent SEC Risk Alert regarding its initiative to assess cybersecurity preparedness and threats in the securities industry, including examinations of more than 50 SEC-registered investment advisers and broker-dealers.

The full text of the Risk Alert is available here.

SEC-registered investment advisers should review the Risk Alert,… More

SEC Issues Guidance On Use of Social Media by Investment Advisers

My colleagues Jen Audeh and Jeff Collins have analyzed the SEC’s guidance on the use of social media by investment advisors.  Because of the overlap this issue has with data privacy and security, we are providing this except and a link to their summary:

On January 4, 2012 the SEC’s Office of Compliance Inspections and Examinations issued an exam alert to registered investment advisers which included guidance on the use of social media.… More