SEC Brings First Case Against B-D for Not Protecting Nonpublic Customer Info | Compliance Week

The SEC brought an interesting case this week against Wells Fargo Advisors LLC for failing to maintain adequate controls to prevent an employee from engaging in insider trading based on a customer’s nonpublic information. The SEC said the case was the first it has brought against a broker-dealer for failing to protect nonpublic information conveyed by its customers.

via SEC Brings First Case Against B-D for Not Protecting Nonpublic Customer Info | Compliance Week