OCIE Issues Its Observations From Its Cybersecurity 2 Initiative On August 7, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued its observations based on recent examinations of broker dealers, RIAs, and RICs made to assist the firms’ cybersecurity preparedness. Industry members will find those observations a useful roadmap of issues likely to be …
CFTC’s Modernized Record-keeping Rules Take Effect on August 28 In late May, the CFTC adopted amendments to its record-keeping rule, Rule 1.31, applicable to CFTC registrants who are obliged to keep specified records under the Commodity Exchange Act (CEA) and the CFTC’s rules. The amendments take effect on August 28. Until the amendment, CFTC rules …