Proposed Reg. S-P Amendments: Some Concerns

Law360, New York (July 16, 2008, 12:00 AM EDT) -- Members of the securities industry have voiced concern in response to the U.S. Securities and Exchange Commission’s proposed amendments to Regulation S-P ― the consumer privacy and data security rules first adopted by the SEC in 2000.[1]

The proposed amendments would affect various provisions of Regulation S-P, including the Safeguards Rule enacted by the SEC under the Gramm-Leach-Bliley Act (“GLB Act”) in 2000, as well as the Disposal rule, which the SEC adopted in 2004 pursuant to the Fair Credit Transactions Act (FACT Act”).

The SEC...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.