FINRA Issues Customer Account Protection Regulatory Notice to Protect Customer Monies from E-Mail Instruction-Related Theft
In Regulatory Notice
12-05, the Financial Industry Regulatory Authority (FINRA) noted an increasing number of
reports of customer funds stolen due to e-mail instructions received from compromised customer
e-mail accounts. The Notice highlights risks associated with non-genuine
instructions to transmit or withdraw funds via e-mail.
The Notice includes a requirement of the
implementation of policies and procedures to verify that e-mails are in fact legitimate and genuine
and were in fact sent by the customer, as opposed to a bogus third party, referring also to
Regulatory Notice 09-64.
More Videos
Have a Question?
Quick Contact
"*" indicates required fields
Recent
Blog Posts
- A Successful Will Contest
- SEC Issues Required Investor Disclosures for Variable Annuities and Variable Life Insurance Contracts
- Airbnb Guest Injuries
- Morgan Stanley Smith Barney Agrees to $5,000,000 Settlement Fund to Benefit Harmed Investors
- Will Contests – Have You Been Shorted by Trickery Involving a Loved One’s Estate?