Wednesday, February 8, 2012

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ANALYSIS: 2010 Brings Raft of New U.S. Privacy Rules for Asset Management Businesses

The new year brings five new or proposed rules that will impact the collection of private financial and identifying information, how it may be shared and used, how it should be safeguarded, and the types of disclosures required, attorneys with Shearman & Sterling LLP write. The rules apply in many cases whether or not a business is registered with the SEC and regardless of where the business is located, according to the authors….

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