12-16-22
SEC Exams Division Warns Firms Against Lax Compliance on Rules to Prevent Identity Theft
The SEC Divison of Examinations and Office of Investor Education and Advocacy have both issued recent alerts about protecting investors from identity theft. The first alert was issued because recent firm examinations revealed practices “inconsistent” with Regulation S-ID (Identity Theft Red Flag Rules). Here is an overview of both recent alerts.