Regulation of Big Data Use and Personal Data Privacy: The SEC and California Make Data a Priority Focus in 2020
2020 is not just an election year; it is also a year where regulators are signaling their intent to continue to increase their focus on big data and the privacy of personally identifiable information (PII). The recent announcement by the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) that it will focus on registered advisers’ use of alternative data during examinations is an indication that use of such data may soon be subject to additional regulatory constraints and oversight.
