Akin Gump published a client alert regarding a recent Risk Alert issued by the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE). The Risk Alert warned investment advisors and broker-dealers to review their policies and procedures regarding Regulation S-P (“Reg S-P”), a privacy rule designed to safeguard customer records and information and is also known as the Safeguards Rule and the Identity Theft Red Flags Rule. OCIE issued this alert after seeing repeated deficiencies in Reg S-P compliance during examinations.
Please click here to read the full alert.
