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SEC Proposes New Oversight Requirements for Certain Services Outsourced by Investment Advisers | Seward & Kissel LLP

The Securities and Exchange Commission (the “SEC”) has proposed new rule 206(4)-11 (the “Proposed Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”). If adopted, the ...
Exchange Commission Service Provider Oversight Seward Kissel Party Record Keepers Definition Of Service Provider Investment Advisers Act

FTC Settles Case Against Drizly for Data Breach

FTC is settling a case against Drizly and its CEO stemming from a 2020 data breach. The proposed order not only contains a laundry list of security-related obligations for Drizly that span twenty years, but also names and targets its CEO James Cory Rellas personally.
United States Samuel Levine James Cory Rellas Exchange Commission Service Provider Oversight Bureau Of Consumer Protection

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FTC Finalizes Financial Institution Safeguards Rule | WilmerHale

On October 27, 2021, the Federal Trade Commission (FTC) announced a newly updated rule under the Gramm-Leach-Bliley Act (GLBA) intended to require financial institutions to strengthen...
York Department Of Financial Services Service Provider Oversight Guidance On Public Company Cybersecurity Disclosures Information Security Program Definition Of Financial Institution Federal Trade Commission

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