Authority
SEC
Country
United States
Date Issued
September 20, 2022
Industry
Finance
Summary
Morgan Stanley Smith Barney was fined $35 million by the SEC for failing to properly dispose of hard drives and servers containing personal information of approximately 15 million customers. The enforcement action addressed serious data security and disposal failures that left sensitive customer data vulnerable.
Violation Types
Data DisposalSecurity
Articles Violated
Regulation S-P
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