SEC’s Results from Cybersecurity Sweep Exams

Today, the OCIE’s National Examination Program staff (the “Staff”), recently examined 57 registered broker-dealers and 49 registered investment advisers to better understand how broker-dealers and advisers address the legal, regulatory, and compliance issues associated with cybersecurity (the “Cybersecurity Examination Initiative” or the “Initiative”). The examined firms were selected to provide perspectives from a cross-section of the financial services industry and to assess various firms’ vulnerability to cyber-attacks. The press release of the cybersecurity data and report can be found here.

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