Joe Mont reports:
The Securities and Exchange Commission on Wednesday adopted rules requiring broker-dealers, mutual funds, investment advisers and other “financial institutions” and “creditors” to adopt programs for detecting and responding to cases of identity theft.
The rules, adopted jointly with the Commodity Futures Trading Commission also apply to the futures commission merchants, retail foreign exchange dealers, commodity trading advisors, commodity pool operators, swap dealers, and major swap participants that agency oversees.
Read more on Compliance Week.