SEC Charges Investment Adviser with Failure to Adopt Required Cybersecurity Policies Prior to Breach

On September 22, the Securities and Exchange Commission (SEC) announced that it had entered into a settlement order with R.T. Jones Capital Equities Management, Inc., a St. Louis-based SEC registered investment adviser, for failure to establish required cybersecurity policies and procedures in advance of a breach. As a result of the firm’s failure to adopt reasonable cybersecurity policies and procedures, the SEC found that R.T. Jones was unable to prevent data breaches that may have compromised the personally identifiable information of approximately 100,000 individuals, including thousands of R.T. Jones’ clients.

View the full Legal Alert.

Back to top