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Solomon Profile Newsletter – October 2015


The Securities and Exchange Commission (SEC) announced that R.T. Jones Capital Equities will pay a $75,000 settlement to its former clients for failing to protect their data from a cyber attack.
The investment advisory firm violated the SEC’s “safeguards rule,” which requires investment advisors to adopt written policies and procedures to protect customer records and information. The SEC found that the investment advisors did not encrypt customer data and failed to install a firewall on its servers.