SEC’s Proposed Rules for Detecting and Preventing Identity Theft –Compliance Best Practices

• By: ComplianceOnline Expert
• Date: March 29, 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.