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SEC Commissioner Calls for Clearer Cyber Rules for Advisors and Brokers  

SEC Commissioner Elad Roisman wants a rule that clarifies when advisors and brokers have to tell the SEC and investors about a cybersecurity breach. So reports Think Advisors.

cyber 3400789 1920Roisman, 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.”

Read the full article from Think Advisor.

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