IA Charged with Failing to Adopt Proper Cybersecurity Policies and Procedures

On September 22, 2015, the SEC announced that a St Louis-based investment adviser agreed to settle charges that it failed to establish the required cybersecurity policies and procedures in advance of a breach that compromised the personally identifiable information (PII) of approximately 100,000 individuals, including thousands of the firm’s clients.

Later that day , the SEC’s Office of Investor Education and Advocacy issued an Investor Alert to provide investors with important steps to take regarding their investment accounts if they become victims of identity theft or a data breach.  Investors should always take steps to safeguard their personal financial information (e.g., social security number, financial account numbers, phone number, e-mail address, or usernames and passwords for online financial accounts). However, if identity theft or a data breach compromises your personal financial information, here are some important steps to take immediately.

The link below will take you to the full version of the alert.

http://www.investor.gov/news-alerts/investor-alerts/investor-alert-identity-theft-data-breaches-your-investment-accounts

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