Recently, the Office of Compliance Inspections and Examinations (“OCIE”) released an alert to broker-dealers and registered investment advisers regarding the risks associated with credential stuffing. See https://www.sec.gov/files/Risk%20Alert%20-%20Credential%20Compromise.pdf.
Credential stuffing is
Continue Reading The Dark Side Strikes Again: No, Not the SEC, Hackers and Credential Stuffing
In an unexpected to say the least case of first impression, the United States Court of Appeals for the Fifth Circuit, essentially, blew away the privacy doors of the cryptocurrency
Continue Reading Bitcoin Exchanges and the Cryptocurrency World Was Just Rocked
Sadly, the hackers of the world have not let the pandemic get in the way of their nefarious activities. In particular, BDs and RIAs have been primary targets. In our
Continue Reading Cybersecurity: An Issue for BDs and RIAs During this Pandemic
Join me, along with co-presenters Daniel Garrie of Law and Forensics and Jessica Friedman of JP Morgan Chase, for a recorded CLE webinar offering an update on the New York
Continue Reading Ernie Badway Participates in West LegalEdCenter Webinar: A Look at NYDFYS Regulations ― Two Years In
Way back in 2017, the SEC obtained an emergency asset freeze against an internet-based ICO involving certain Canadian residents, who had raised over $15 million on a variety of social
Continue Reading Cryptocurrency Fraud Is an International Issue
FINRA has published cybersecurity guidance for all its member firms. See https://www.finra.org/sites/default/files/p602363%20Report%20on%20Cybersecurity%20Practices_0.pdf.
In particular, FINRA is indicating that it wants its member firms to bolster their cybersecurity regimes, and limit
Continue Reading FINRA Provides Guidance on Cybersecurity for Member Firms
Not one for making people feel at ease, the SEC’s Division of Investment Management has indicated that it is not comfortable with investment companies investing in cryptocurrencies and similar products.
Continue Reading SEC Expands Cryptocurrency Market Worries
FINRA recently issued a report regarding its examination findings. FINRA issued this report so that firms can gain insight from the work of FINRA’s examination of other firms.
Among the
Continue Reading What FINRA Found in its Examinations
Recent exams have shown that cybersecurity weaknesses are a real issue for the industry. This article from the Investment News provides the detail.
Continue Reading So You Think You Have No Cybersecurity Issues
For a nice discussion on the SEC’s cyber-security alert, please see this link.
Continue Reading Cyber-Security and the SEC Alert