SIE practice questionmediumRegulation S-P Safeguards
Regulation S-P requires broker-dealers to adopt written policies and procedures to protect customer information from unauthorized access. This is known as the:
- ATransparency rule
- BDisclosure rule
- CSafeguard rule✓ Correct answer
- DPrivacy rule
Explanation
Why C — Safeguard rule
The safeguard rule under Regulation S-P requires financial institutions to implement written policies and procedures designed to protect the security and confidentiality of customer records and information, protect against anticipated threats or hazards, and protect against unauthorized access that could result in substantial harm to customers. This includes both physical and electronic security measures.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Capital Markets & Offerings questions