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HL Chronicle of Data Protection Privacy & Information Security News & Trends

Tag Archives: CFTC

Posted in Financial Privacy

CFTC Issues GLBA Security Guidelines

The Commodity Futures Trading Commission has issued guidance for CFTC-regulated financial institutions on compliance with the security safeguards provisions of Title V of the Gramm-Leach-Bliley Act. In a Staff Advisory, the CFTC recommends that futures commission merchants, commodity trading advisors, commodity pool operators, introducing brokers, retail foreign exchange dealers, swap dealers, and major swap participants implement certain best practices to meet their obligations under GLBA, as well as the CFTC’s GLBA regulations at 17 C.F.R. Part 160, to adopt policies and procedures that address administrative, technical and physical safeguards for the protection of customer records and information.

Posted in Cybersecurity & Data Breaches

SEC and CFTC Propose Identity Theft Red Flags Rules

The FTC Red Flags Rules were not specific to the securities industry and there was some confusion as to which entities were subject to their requirements. This blog entry describes proposed rulesto applyRed Flag rules to certain broker-dealers, investment companies, investment advisers, futures commission merchants, commodity pool operators, introducing brokers, and other SEC- and CFTC-regulated entities