Comment deadline nearing on client info proposal
Public input is due May 12 on proposed rule changes that would allow brokers to take certain customer information with them when moving to another broker-dealer or investment adviser.
Public input is due May 12 on proposed rule changes that would allow brokers to take certain customer information with them when moving to another broker-dealer or investment adviser. In addition to providing more-specific requirements for safeguarding data and responding to information security breaches, the proposed amendments to Regulation S-P would allow a firm to disclose to another firm a customer’s name, address, phone number, e-mail and a general description of accounts and products held by the customer. For more details and information on submitting comments, visit sec.gov/rules/proposed/2008/34-57427.pdf.
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