Our Cyber Solutions directly align with the SEC’s proposed Cybersecurity Risk Management Rules and Outsourced Provider Rule, which would require advisers to adopt and implement written cybersecurity policies and procedures and produce an annual cyber report.
Our team of cybersecurity and regulatory experts assist firms in building SEC cyber policies and data security programs with documented testing reports to assess the firm’s protection of sensitive client and firm information. We work to thoroughly review and revise existing policies and procedures and create a custom testing program, with the goal of generating sustainable, well-documented cybersecurity programs reflective of industry best practices and regulatory expectations.
Annual production of:
With our threat monitoring capabilities, we can detect if your company is at risk due to exposed credentials on the dark web, or through a subdomain takeover, so that issues can be corrected before the data is used maliciously. Our services include:
Dark Web Scanning:
DNS Record Scanning:
Check out our Flash Reports for the latest SEC- and cybersecurity-related news, trends, and insights.
On April 23, 2024, the White House announced that the Department of Labor (“DOL”) has finalized its Retirement Security Rule, also known as the “Fiduciary Rule.” The new rule extends the current definition of “investment advice fiduciary” under ERISA to include advisers when they “give investment advice for a fee to retirement plan participants, individual retirement account owners and others.” The rule and related exemptions will be effective on September 23, 2024, with a phase-in period for many of the exemptions and reporting requirements of one year until September of 2025.
On April 17th, 2024, the Division of Examinations (“EXAMS”) published a risk alert to inform investment advisers, investors, and other market participants about the examiner’s observations on the Marketing Rule. This risk alert highlights the Division’s focus on advisers’ compliance with the marketing rule and their completion of the marketing rule items contained in Form ADV as well as Advisers Act Rule 206(4)-7 (the “Compliance Rule”), Advisers Act Rule 204-2 (the “Books and Records Rule), and the Marketing Rule’s “General Prohibitions”.