Didn't we do this already?
FINRA fined Lincoln Financial last week for failing to secure client data. But 5 years ago, FINRA fined Lincoln Financial for failing to secure client data.
What the heck is going on? $600,000 in fines does not send home the message that confidential client information needs to be protected? So we fine them another $600,000?
Is is possible that Linclon believes that $100,000 a year in fines is cheaper than securiing its data centers?
Is is possible that FINRA needs to start fining the senior executives in order to drive home the point?
Finra fines Lincoln Financial broker-dealer $650,000 for failing to protect client data