SEC Fines Mizuho for Failing to Protect Customer Data

Peter A. Kurtz and Craig A. Newman write:

It is not enough for companies to establish policies and procedures designed to prevent the misuse of material nonpublic information. Companies must also enforce those policies and procedures.

That’s the lesson from the U.S. Securities and Exchange Commission’s recent settlement with Mizuho Securities USA LLC (“Mizuho”), a broker-dealer, for the firm’s failure to safeguard customer information.

Read more on Patterson Belknap Data Security Law Blog.

About the author: Dissent

Comments are closed.