SEC Exam Priorities Said to Focus on Cybersecurity, Seniors in 2018

Principal Denver Edwards was quoted in the ThinkAdvisor article "SEC Exam Priorities Said to Focus on Cybersecurity, Seniors in 2018" by Ed Silverstein on November 21.  The article discusses the expectation that investments involving seniors and cybersecurity compliance are likely to be among the top concerns expected to make the 2018 examination priority list now being developed by the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE).

Denver Edwards, an attorney at Bressler, Amery & Ross, points out that the OCIE, in recent years, examined broker-dealers and investment advisors for compliance with cyber-security regulations.

“OCIE will continue to examine registrants for cyber compliance given that cyber breaches have become ubiquitous,” he adds. “The Commission is concerned about hacking to access material, non-public information; account intrusions to conduct manipulative trading; and disseminating false information … to manipulate stock prices.”

To read the entire article on the ThinkAdvisor website, click here.