FTC's Red Flags Rule and the FACT Act

On-Demand

This on-demand webinar covers the Federal Trade Commission's Red Flags Rule under the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), which requires specified firms to develop and implement a written program to detect, prevent and mitigate instances of identity theft. The FTC enforcement of the Red Flags Rule has been delayed to June 1, 2010. Panelists from FINRA and the FTC discuss the Rule's substantive requirements and which firms must prepare a written program under the Rule, and review FINRA's new FACT Act template that was developed to help firms create a written Identity Theft Prevention Program. This webinar lasts approximately 60 minutes.

 

Program Outline

 

  1. Speaker Introductions
    • John Komoroske (Moderator) – Vice President, FINRA Member Relations
    • Patricia Albrecht – Counsel, FINRA Office of General Counsel
    • Cora Han – Attorney, Federal Trade Commission’s Division of Privacy and Identity Protection
    • Terry Miller – Senior Regulatory Specialist, FINRA Member Regulation
    • Michael Sawyer – Vice President, Privacy and Data Protection, Pershing LLC
  2. Rule Requirements
    • Overview of requirements
    • Affected firms
  3. Overview and Highlights of FINRA’s FTC Red Flags Rule Template
  4. Building and Testing an Effective Compliance Program
  5. Compliance and Examinations
    • FTC compliance program
    • FINRA examination focus
  6. Wrap-Up

 

Registration Fees

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 $50

 

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Online Register for the FINRA Webinar On-Demand Program.
($25 - FINRA member rate or $50 - non-member rate).

 

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