The Securities and Exchange Commission announced a settlement with a broker-dealer and investment adviser charged with failing to establish and implement cybersecurity policies and procedures. The deficiencies were discovered in the context of a breach by cyberintruders, which resulted in the intruders’ obtaining unauthorized access to several brokerage accounts. The company agreed to pay $1 million to resolve the charges.
September 26, 2018
Investment adviser fails cybersecurity test
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