The Financial Industry Regulatory Authority (FINRA) will be reviewing twenty member firms in the coming months to evaluate the measures in which they take in protecting themselves against cybersecurity threats. FINRA wants to assess what types of threats are most prevalent and where firms are most vulnerable. FINRA is making this review a priority task. Cybersecurity is vital to ensuring that client information stays confidential and safe. The Securities and Exchange Commission (SEC) also has expressed concerns about cybersecurity and is planning unannounced examinations of firms. Both regulators are hoping their evaluations will enhance investor protection.
If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.
To read more, please visit: http://www.investmentnews.com/article/20140207/FREE/140209923