Compliance Newsflash – September 27, 2017

September 28, 2017

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SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
On September 25, 2017, the SEC announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related misconduct and the establishment of a retail strategy task force that will implement initiatives that directly affect retail investors reflect SEC Chairman Jay Clayton’s priorities in these important areas.
For more information, click here.

SEC ‘Pushing’ for Fiduciary Rule, Clayton Says
On September 26, 2017, Thinkadvisor.com reported that the SEC Chairman Jay Clayton told Senate lawmakers that harmonizing a fiduciary rule with the Labor Department is a top priority for him and laid out four steps the agency plans to take on such a harmonized rule.
For more information, click here.