FINRA Regulatory Notice 10-59 includes amendments to FINRA rule 8210 which requires broker-dealers to:
- Encrypt electronic data on physical media (CD-ROMs, portable hard drives, flash drives) sent to the self-regulatory organization.
- Provide FINRA staff with the confidential decryption process or key in a separate communication.
The effective date of these amendments was December 29, 2010. FINRA views industry standards for strong encryption to be 256-bit or higher.
Helpful Links:
FINRA Regulatory Notice 10-59
Full Notice in .pdf format
FINRA Rule 8210
Related Industries: