Regulatory Update: OCIE Risk Alert regarding Regulation S-P – Privacy Notices and Safeguard Policies

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”)* provided 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 list includes:

-Privacy and Opt-Out Notices.

-Lack of policies and procedures;

-Policies not implemented or not reasonably designed to safeguard customer records and information.

View the OCIE Risk Alert here:
https://www.sec.gov/files/OCIE%20Risk%20Alert%20-%20Regulation%20S-P.pdf