So, Whose Client Is It Anyway?: Regulation S-P Impacts That Answer

Hansen, Shane B.
April 2008
Journal of Financial Planning;Apr2008 Broker/Dealer Report, Vol. 21, p20
Academic Journal
The article reports that the U.S. Securities and Exchange Commission has implemented the statutory mandates in Privacy of Consumer Financial Information (Regulation S-P) to address consumer privacy concerns. The Congress has enacted Title V of the Gramm-Leach-Bliley Act of 1999 (GLB Act), as supported by the Federal Trade Commission and the federal banking regulators. It cites that under those Acts, every financial institution is enforcing to have and deliver a privacy notice to clients served by the firm. And as an individual, a representative cannot have a separate privacy notice, the author noted.


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