SEC Cybersecurity Disclosure Enforcement Heats Up: Recent Developments (Part One of Two)

With an ongoing investigative sweep and a series of enforcement actions announced in the past few months, the SEC appears to be highly focused on cybersecurity disclosure enforcement during the early stages of the new administration. Fund managers should take steps now to ensure disclosure controls are in place and operating effectively. In this first article in a two-part guest series, King & Spalding attorneys William F. Johnson, Matthew B. Hanson, Joseph L. Zales and Charles C. Cain review the applicable SEC regulations and guidance, along with the growing body of enforcement actions. The second article will explore ongoing investigations and provide practical guidance for fund managers about those disclosure controls. See “SEC Exam and Enforcement Priorities: Cybersecurity, Business Continuity and Conflicts of Interest (Part One of Two)” (Jul. 22, 2021).

To read the full article

Continue reading your article with a HFLR subscription.