SEC fines eight investment firms for cybersecurity breaches that leaked client info

The SEC handed down sanctions against eight firms this week for a slate of cybersecurity failures that resulted in the leakage of personal data for thousands of people. 

Cetera Advisor Networks, Cetera Investment Services, Cetera Financial Specialists, Cetera Advisors and Cetera Investment Advisers (collectively, the Cetera Entities); Cambridge Investment Research and Cambridge Investment Research Advisors (collectively, Cambridge); and KMS Financial Services (KMS) were all named by the SEC for lackluster cybersecurity policies that led to email account takeovers exposing the personal information of thousands of customers and clients at each firm.

Full article

Scroll to Top