OCIE Issues Risk Alert on Investment Adviser and Broker-Dealer Compliance Issues Related to Regulation S-P
On April 16, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission issued a Risk Alert providing a list of compliance issues related to Regulation S-P, the primary SEC rule regarding privacy notices and safeguard policies of investment advisers and broker-dealers. The issues proscribed in the Risk Alert were identified by OCIE during recent examinations of SEC-registered investment advisers and brokers-dealers.
For additional analysis, see Katten’s advisory “Not So Secure: OCIE Identifies Regulation S-P Compliance Issues.”
The Risk Alert is available here.