SEC Amends Regulation Related to Protecting Consumer Information

The SEC has released a final rule that amends Regulation S-P “to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions.” Specifically, the amendments “address the expanded use of technology and corresponding risks that have emerged since the Commission originally adopted Regulation S-P in 2000.”

For more information, see the press release and fact sheet — as well as the statements by SEC Chair Gary Gensler and Commissioner Jaime Lizárraga — on the SEC’s Web site.