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June 19, 2019  

Funds Examined on Cloud-Storage Vendors

In its latest effort to ensure money managers are taking cybersecurity seriously, the SEC is examining two dozen hedge fund firms and other investment advisors that store data in the cloud.The securities regulator is looking in particular at how fund managers choose data-storage vendors and what efforts they are taking to ensure those vendors are protecting both investment data and clients’ personal information. Although the SEC has been...

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