Experts on Internet security say it’s a troubling error.
“It certainly raises questions as to whether they are properly safeguarding customers’ information,” said John Reed Stark, a Maryland-based consultant who is former chief of the SEC’s Office of Internet Enforcement.
“The SEC has made it clear that protecting customer information is a priority,” Stark said. “I would think this rises to the level of a for-cause exam.”
‘Enforcement 40’ for 2020
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