Data Protection in Financial Services Week 2022
WEBINAR
From February 28-March 3, Sidley and OneTrust DataGuidance hosted their annual Data Protection in Financial Services (DPFS) Week, a series of webinars looking at the impacts of data privacy across the financial sector. Industry speakers covered a range of issues including:
- How the latest privacy and cybersecurity developments in Europe and the U.S. have impacted financial services
- How new and existing privacy and cyber requirements intersect with finance-specific regulation
- What financial organizations can do to keep ahead of the curve in the ever-evolving data privacy and cyber landscape
- How to deal with and manage the key issues for 2022, such as AI, data governance, and international transfers
SEC Encourages Self-Reporting of Recordkeeping Violations Resulting From Employees’ Use of Personal Devices for Business Communications
On December 17, 2021, the U.S. Securities and Exchange Commission (SEC) announced settled charges against a broker-dealer firm for recordkeeping violations arising from its employees’ use of personal devices for business communications. The firm agreed to pay a $125 million penalty and to retain a compliance consultant to conduct a comprehensive review of its policies and procedures relating to the retention of electronic communications found on personal devices. In announcing this enforcement action, the SEC encouraged registrants to self-report similar failures to the SEC. (more…)
