Identity Theft – “Red Flags Rule”

Financial institutions (inclusive of RIAs and BDs) must establish a red flags program in accordance with SEC Regulation S-ID. The rule requires firms to create a written Identity Theft Prevention Program (“ITPP”) designed to identify, detect and respond to “red flags” that could indicate identity theft.

The ITPP shall cover:

• Identifying relevant red flags
• Detecting red flags
• Preventing and mitigating (responding to) red flags
• Updating the Program
• Administering the Program

The ITPP template is delivered in WORD for your easy customization. It complies with regulatory requirements for both RIAs and BDs.

The Red Flags Rule package includes:

• ITPP template
• Red Flags Rule information
• Red Flags Rule sample policy
• Red Flags Rule service provider representation
• Privacy Breach Steps – Internal
• Privacy Breach Steps Client Checklist
• Privacy Breach Log
• Privacy Breach Letter
• Privacy & Data Security – Tips for Firms
• ID Theft: What to Do – Tips for Consumers