SIE practice questionmediumReporting privacy breaches
If there is a breach of customer private information, a broker-dealer must:
- ASend prospectuses
- BFile a Form U4
- CFollow Regulation S-P and notify affected customers✓ Correct answer
- DNotify SIPC
Explanation
Why C — Follow Regulation S-P and notify affected customers
Regulation S-P requires notification to customers if their information is compromised.
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