SEC and Broker Dealers

Reviewing a company's ability to protect the confidentiality, integrity, and availability of sensitive customer data

Home » Services » SEC and Broker Dealers

Services category: IT Compliance and Privacy

SEC and Broker Dealers

Are You Keeping Up With FINRA’s Cybersecurity Best Practices?

FINRA reviews your firm’s ability to protect the confidentiality, integrity, and availability of sensitive customer information. This includes reviewing each firm’s compliance with SEC regulations, including:

  • Regulation S-P (17 CFR §248.30), requires firms to adopt written policies and procedures to protect customer information against cyber-attacks and other forms of unauthorized access.
  • Regulation S-ID (17 CFR §248.201-202), outlines a firm’s duties regarding the detection, prevention, and mitigation of identity theft.
  • The Securities Exchange Act of 1934 (17 CFR §240.17a-4(f)), requires firms to preserve electronically stored records in a non-rewriteable, non-erasable format.


Share this content

FINRA reviews a company’s approaches to cybersecurity risk management, including:

  • Technology governance
  • System change management
  • Risk assessments
  • Technical controls
  • Incident response
  • Vendor management
  • Data loss prevention
  • Staff training

At Elevate, we work with broker-dealers and registered investment advisors to ensure you have adequate controls in place to pass examinations and mitigate cybersecurity threats. We have a streamlined approach to performing the reviews and provide you with the advice and expertise to assist you.

For instance, we work with you to:

  • Document and identify your PII and asset inventory
  • Perform the gap analysis against the control requirements
  • Document policies and procedures
  • Provide training options
  • Perform technical testing of your systems
  • Serve as your expert in Cyber Security and IT compliance matters



>> This service article was last update on July 23, 2022
Contact Elevate today to learn more about SEC and Broker Dealers

Elevate // +1 (888) 601-5351 // Monday to Friday 9am-6pm