Reports of online takeovers of customer’s broker-dealer accounts are growing in number, while some broker-dealers are lagging in their cybersecurity procedures. FINRA just published Regulatory Notice 21-18, “FINRA Shares Practices Firms Use to Protect Customers From Online Account Takeover Attempts.” My firm was out ahead of this regulatory notice, representing clients in arbitrations where theContinue reading “DON’T LET YOUR BROKER-DEALER LEAVE YOU HOLDING THE BAG FOR LOSSES FROM AN ONLINE TAKEOVER OF YOUR ACCOUNT!”
Securities Lawyers