Privacy and the safeguarding of customer information continues to be an important compliance topic from the SEC’s perspective, including its examination staff.  The SEC’s Office of Compliance Inspections and Examinations (OCIE) recently released a Risk Alert highlighting common examination deficiencies from registered advisers and broker-dealers related to Regulation S-P, a rule requiring that such registrants provide privacy notices to clients and implement customer information safeguarding policies.   A closer look at this Risk Alert along with some key takeaways for advisers and broker-dealers to consider can be found in the following Mayer Brown Legal Update on the topic.

https://www.mayerbrown.com/en/perspectives-events/publications/2019/04/secs-ocie-issues-risk-alert-for-investment-adviser-and-brokerdealer-compliance-issues-related-to-regulation-sp

If you have any questions about the issues raised in this Legal Update or would like assistance with SEC regulatory matters related to privacy, safeguarding or otherwise, please contact any member of our Investment Management or Financial Services Regulatory & Enforcement practice groups.

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