Daniel A. Nathan and Libby J. Greismann
– To alert broker-dealers to the SEC’s plans to examine their cybersecurity practices, and offer advice on compliance.
Abstract
Purpose
To alert broker-dealers to the SEC’s plans to examine their cybersecurity practices, and offer advice on compliance.
Design/methodology/approach
Reviews the SEC’s proposed cybersecurity framework and provides suggestions for broker-dealers to address and respond to these proposals.
Findings
The SEC is still focused on gaining more information about the state of the cybersecurity industry in the broker-dealer context.
Practical implications
Broker-Dealers should review the framework and prepare to be flexible and responsive to changing guidelines that may emerge.
Originality/value
Breaks down the SEC guidelines in plain English and analyses the import of these guidelines. Offers practical advice for compliance.