Securities and Exchange Commission Chairman Gary Gensler said Monday that he wants advisors and broker-dealers to improve their “cyber hygiene” as well as their data privacy disclosures.
Investment companies, investment advisors and broker-dealers, which are not covered by the SEC’s Regulation Systems Compliance and Integrity, or Reg SCI, must “comply with various rules that may implicate their cybersecurity practices, such as books-and-records, compliance, and business continuity regulations,” Gensler said during a speech at the Northwestern Pritzker School Of Law’s 2022 Securities Regulation Institute.
Source: SEC Chief Wants Advisors, BDs to Improve ‘Cyber Hygiene’ | ThinkAdvisor
