Statute
Regulation SCI
14 published works
The Securities Law Blog
SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI
The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance…
Federal Regulatory & Enforcement Insider
SEC Settles Charges Against Exchange for Alleged Failure to Inform SEC of Cyber Intrusion
By Nathaniel Segal, Jacob C. Tiedt, Mark Quade, Jake W. Wiesen, Christina V. West
On May 22, 2024, the SEC announced the settlement of administrative proceedings against a U.S. securities exchange and certain of its subsidiaries for their alleged failure to timely inform the…
Cleary Cybersecurity and Privacy Watch
SEC Continues to Shine Light on Cyber and Data Security: Proposes Amendments to Regulation S-P
By Robin M. Bergen, James R. Burns, Ben Rosenblum, Joe Wakeford
On March 15, 2023, the U.S. Securities and Exchange Commission (“SEC”) issued proposed amendments (the “Proposal”) to Regulation S-P, which governs the treatment of nonpublic personal information about consumers by…
Cleary Enforcement Watch
SEC Continues to Shine Light on Cyber and Data Security: Proposes Amendments to Regulation S-P
By Robin M. Bergen, James R. Burns, Ben Rosenblum, Joe Wakeford
On March 15, 2023, the U.S. Securities and Exchange Commission (“SEC”) issued proposed amendments (the “Proposal”) to Regulation S-P, which governs the treatment of nonpublic personal information about consumers by…
The Securities Law Blog
SEC Proposes to Expand and Update Regulation SCI
The Securities and Exchange Commission today proposed amendments to expand and update Regulation Systems Compliance and Integrity (SCI), the set of rules adopted in 2014 to help address technological vulnerabilities…
Privacy World
SEC Cyber Regulation Efforts: A Mid-Year Review
By Joseph Weinstein, Kristin Bryan, James Brennan
2022 is not even halfway over, and the Securities and Exchange Commission (SEC) has already made it a banner year for the SEC’s efforts to shape cybersecurity policy. This alert…
Corporate & Financial Weekly Digest
FINRA Publishes Consolidated Criteria to Designate Firms for Mandatory Participation in FINRA’s Business Continuity/Disaster Recovery Testing
By Susan Light, Katten Muchin Rosenman LLP
On April 19, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 19-15, addressing the criteria used by FINRA to designate member firms that are required to participate in FINRA’s…
Corporate Defense and Disputes
SEC’s 2016 Examination Priorities Focus on Retail Investors, Market Wide Risk and Use of Data Analytics
By Brian Friedman, Harry Frischer, Tracey Silver
The recently issued Examination Priorities for 2016 reveals that the SEC’s priorities are organized around the same three thematic areas as last year: (i) retail investors, including retirement investments; (ii)…
Corporate & Financial Weekly Digest
FINRA Issues Notice on the Mandatory Participation of Member Firms in FINRA’s BC/DR Testing
By Ross Pazzol, Stanley V. Polit
The Financial Industry Regulatory Authority released Regulatory Notice 15-43 to alert member firms of its authority to designate certain member firms as mandatory participants in FINRA’s business continuity/disaster recovery (BC/DR)…
Global Privacy & Security Compliance Blog
SEC Issues Regulation SCI Upping Information Security Requirements for Key Market Participants
By Jennifer Archie, Kevin Boyle
The SEC today published in the Federal Register its Regulation SCI (Regulation Systems Compliance and Integrity), which requires key market participants to have and implement written policies and procedures reasonably…