SEC Establishes Cybersecurity Initiative for Broker-Dealers and Investment Advisers

May 22, 2014

On April 15, 2014, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) released a National Exam Priority Risk Alert announcing its initiative to evaluate cybersecurity policies currently utilized in the securities industry. OCIE's implementation of the Risk Alert is the product of the SEC's March 26, 2014 cybersecurity roundtable, which emphasized the importance of cyber-readiness for broker-dealers and investment advisers.

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