Recently the Securities and Exchange Commission (“SEC”) charged a St. Louis Investment adviser that had experienced a breach of client non-public information with failing to create and implement cybersecurity policies and procedures. According to the SEC’s press release, for over … Read More
Because the world of compliance is ever-changing, with some areas being elusive, Core Compliance stresses the importance of continuing education. Last week the Securities and Exchange Commission (“SEC”) released the schedule for Compliance Outreach Program seminars. This year, 6 major … Read More
This week the Office of Compliance Inspections and Examinations (“OCIE”) released its latest Risk Alert: Cybersecurity Examination Sweep Summary. A focused examination of over 100 registered broker-dealers and advisers was conducted to “better understand how broker-dealers and advisers address … Read More
It’s no secret that 2014 was the “year of the hacker”. Huge companies like JP Morgan and Apple were the victims of cybersecurity breaches that affected thousands of consumers. In an effort to reduce these attacks, both the Securities … Read More
In the last Core Compliance blog post, we highlighted our 2015 Compliance Predictions, shortly before the Securities and Exchange Commission (“SEC”) released the National Examination Program’s priorities for 2015. The list, which is relatively short compared to previous years’, … Read More
Happy New Year! With 2014 behind us and 2015 charging full steam ahead, the Core Compliance team wants to share a few of our 2015 compliance predictions. Increase Use of Technology Based on 2014’s results, we believe the Securities and … Read More
Luis A. Aguilar, a Commissioner of the Securities and Exchange Commission (“SEC”), spoke at the New York Stock Exchange’s Governance Services department “Cyber Risks and the Boardroom” Conference on June 10, 2014. Aguilar spoke regarding the increasing risks associated with … Read More
Each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (“RMU”), authored by one of our staff members on a current “hot topic” in the securities industry. In late May 2014, Core Compliance’s Lead Managing … Read More
According to a poll released this month by “DataMotion,” whereby more than 200 IT and business decision-makers across the U.S. and Canada were questioned about their corporate email and file transfer habits as they relate to the personal information of … Read More