Call Us Today! (866) 435-8364

The SEC proposes new Cybersecurity rules

Earlier today the Securities and Exchange Commission voted to propose rules related to cybersecurity risk management for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures. The SEC Chair Gary Genlser stated that the proposed rules and amendments

Safeguards Rule will be updated to better protect consumer financial information from cyber attacks and security breaches

In October 2021, the Federal Trade Commission (FTC) stated that it would expand its Safeguards Rule in order to better protect consumer financial information from cyber attacks and security breaches. The revised Rule requirements will take effect on December 9, 2022. This is a significant development for private funds that were previously exempt from the

2022-01-07T18:10:50-05:00January 7th, 2022|Breaches, FTC, Hackers, NYDFS, Private Funds, Rules|
Go to Top