SEC’s Proposed Rules for Detecting and Preventing Identity Theft –Compliance Best Practices
By ComplianceOnline Expert
Date: March 30, 2012
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly announced a rule proposal to help protect investors from identity theft. This is to be done by ensuring that SEC- and CFTC- regulated entities detect and respond to warning signs or red flags.
This article details best practices that firms can follow in order to ensure compliance with the proposed rule.