ID Theft Red Flags FAQ IIA6 – Are brokers, dealers, investment advisors, or investment or insurance companies, including those that are subsidiaries of a bank or savings association, covered by the Red Flags Rules and Guidelines?

Compliance > Lending > FCRA
Q:  Are brokers, dealers, investment advisors, or investment or insurance companies, including those that are subsidiaries of a bank or savings association, covered by the Red Flags Rules and Guidelines?
 
A:  A broker, dealer, investment advisor, or investment or insurance company that is a “financial institution” or “creditor” under the FCRA is covered by the Red Flags Rules and Guidelines issued by the FTC, including any such entity that is a subsidiary of a bank or savings association.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the Interagency FAQs for Identity Theft Red Flags and Address Discrepancies - https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20090611a1.pdf
 

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