Growth of wealth managers leads to customer data risks (AdvisorHub)
FrontLine Compliance
The SEC wants firms to tighten controls at their branch offices, including taking measures to improve customer data protections and overall branch supervision. FrontLine’s Founder and President Amy Lynch is exclusively quoted on the reasoning behind the SEC’s recent industry alert focused on branch office compliance weaknesses. A focal point, she notes, is the SEC’s message to large retail wealth advisors, including those that have grown through mergers and acquisitions and now include even larger…
