05-20-21
FINRA Warns Members of Increase in Online Account Takeovers and to Follow Rules on Arbitration Agreements; Seeks Diversity and Inclusion Improvements
In a sign of ramped-up concern, FINRA urged members to ensure that cybersecurity programs and practices are in place to protect customers from online account takeover attempts. The regulator also issued Notices reminding firms to follow disclosure and other rules on pre-dispute arbitration agreements and asking market participants for comments on any rules that may create unintended barriers to diversity and inclusion in the broker-dealer industry.