Adopting Data Security Measures Is Not Always Enough to Ensure Compliance with the Safeguards Rule

The Securities and Exchange Commission views data security as a critical part of its investor protection mandate.  Rule 30(a) of Regulation S-P, known as the “Safeguards Rule” sets out certain procedures that every SEC-registered broker-dealer, investment company and investment adviser must adopt to safeguard customer records and information.  The Safeguards Rule requires these entities to 

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