Lessons for Private Fund Managers from Three SEC Cyber Enforcement Actions

On August 30, 2021, the Securities and Exchange Commission announced three enforcement actions against registered investment advisers for alleged cybersecurity failures involving cloud-based email systems. All three actions (which were settled) imposed six-figure penalties on the advisers, despite the Staff’s acknowledgement that none of the actions resulted in any unauthorized trades or fund transfers to […]
Must be a Paid Member or a Free Trial Member to Access Content. Members log in here.