Customer Privacy: Rapid Fire

What this video covers

• Why fiduciary ownership information from a paying agent, transfer agent, or trustee cannot be used for solicitation unless the issuer requests it and the member acts solely on the issuer's behalf
• How Regulation S-P protects customer information through privacy notices, opt-out rights, safeguards, and secure disposal procedures
• Why a privacy notice alone is insufficient and the full internal control package is mandatory
• When nonpublic personal information (NPI) stays protected even after being mixed into a larger data set containing public information
• Why opt-out is the default for most nonaffiliated-third-party disclosures, not opt-in
• What objecting beneficial owner (OBO) and non-objecting beneficial owner (NOBO) elections mean for identity disclosure to issuers of nominee-held securities
• Why Regulation S-ID requires a written program to detect, prevent, and mitigate identity theft red flags in covered accounts, separate from Regulation S-P privacy protections