On October 30, 2023, the Securities and Exchange Commission filed a complaint against SolarWinds Corporation and its Chief Information Security Officer (CISO), Timothy G. Brown, alleging various violations of the Securities Act of 1933 and the Securities Exchange Act of 1934...
As we previously informed you, in March 2023, the SEC published for comment proposed rules that would revise Regulation S-P to require SEC registrants to provide breach notices to customers and consumers in the event such persons' non-public personal information is breached.
As we previously informed you, in March 2023, the SEC published for comment proposed rules that would require various registrants, including broker-dealers and transfer agents among others, to adopt and implement written cybersecurity risk programs.
On February 27, 2023, the China Securities Regulatory Commission (CSRC) finalized a set of cybersecurity and data security regulatory requirements (hereafter "the Administrative Measures") for the securities and futures sectors in response to China's three-pronged regulatory framework...
Yesterday, the SEC published for comment proposed revisions to Rule 248.30 in Regulation S-P. This is the section of the regulation that requires the safeguarding of customer records and information and the disposal of consumer report information. The proposed revisions are summarized...
ICI's response to the Financial Stability Board's (FSB) consultative document on Achieving Greater Convergence in Cyber Incident Reporting (CIR) is attached.
On September 20, 2022, the SEC settled an enforcement action against a dually-registered broker-dealer and investment adviser for violating Regulation S-P by failing to ensure the proper disposal of customers' non-public personal information (NPPI) when it decommissioned various...
On July 28, ICI filed a letter supplementing our April comment letter on the Securities and Exchange Commission's proposed cybersecurity risk management rules for funds and advisers (attached).
On July 26, William Birdthistle, Director of the SEC's Division of Investment Management, gave a speech on current issues and trends in investment management at the Practicing Law Institute Investment Management 2022 program.
