Whether they're from the SEC or FINRA, examiners visiting advisors and brokers are going to want to hear about how the firm is protecting client data and its information systems.
In a panel discussion at FINRA's recent annual conference, Hardeep Walia, co-founder and CEO of online broker Motif Investing, recalled a recent audit of his firm from the industry regulator, which was followed immediately by an SEC exam. "The focus of both was cybersecurity," he says.
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