European regulators worry about oversight weaknesses
Firm rejects regulator's allegations, cites political motive for action
Regulators fined firms a total US$549 million for record-keeping failures
Groups issuing financial planner and advisor titles must meet cybersecurity guidelines
The guidance outlines the types of incidents that must be reported, and what reports should include
The goal is to help clients better protect their data
Resist the temptation to help clients in a way that breaches your legal and regulatory obligations
Financial advisors need to balance the way they transmit information with the importance of the data they are sending
The online tool includes features such as a guidebook, simple explanations and access to relevant U.S. websites
DTCC says many have increased their investment in technology to detect and prevent cyber threats