The Securities and Exchange Commission (SEC) adopted new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was to help the investing public contend with the mounting cost and frequency of cyber attacks.
Tag: broker-dealers
Massachusetts Adopts Fiduciary Rule for Broker-Dealers
In a rebuke of the U.S. Securities and Exchange Commission (the SEC), the Massachusetts Securities Division recently announced its own fiduciary rule for broker-dealers and their agents when making investment recommendations to retail clients. Massachusetts’ new fiduciary rule (the Massachusetts Fiduciary Rule or Rule) implements a standard of conduct stricter than that set forth by… Continue reading Massachusetts Adopts Fiduciary Rule for Broker-Dealers