SEC, CFTC Float Identity Theft Rules For Financial Cos.

Law360, New York (February 28, 2012, 7:49 PM EST) -- The U.S. Securities and Exchange and Commodity Futures Trading commissions on Tuesday proposed rules that would help protect investors from identity theft by mandating that certain government-regulated entities such as mutual funds create programs designed to detect potential security threats.

“Advancements in technology also have led to increasing threats to the integrity and privacy of personal information,” the SEC said in explaining the new rules, which are meant to implement new statutory provisions enacted by Title X of the Dodd-Frank Wall Street Reform and Consumer Protection...
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