Roisman, a Republican, made the remarks recently before the Los Angeles Bar Association. He said “it is time that the Commission consider rules that provide registrants—particularly investment advisers and public issuers—with more of an idea of what we expect of them in today’s marketplace.”
He added that “it is time that the Commission bring more clarity to this issue in cases where there may be confusion about whether to notify the Commission and investors in the event of a cybersecurity breach.”