The Broker-Dealer Identity Theft Prevention Program (ITPP) serves as a useful template for detecting, preventing, and mitigating the effects of identity theft under Regulation S-ID (“Red Flags Rules”) which requires SEC registered broker-dealers, investment companies, and investment advisers that are financial institutions or creditors to periodically evaluate whether they offer or maintain covered accounts.  The ITPP template allows you to customize procedures as applicable and includes sample descriptions of supervisory review processes to serve as a guide for further customizing procedures specific to your firm’s processes.  Members also downloaded the Identity Theft Prevention Program (ITPP) Red Flags Event Log.

Version/Update: V.2/October 25, 2021

Total Page Count/Format: 17/.docx

Source/Author(s): Connexien