Question

The requirement for broker-dealers to disclose their privacy policies to customers, and to permit customers to "opt out" of having their information disclosed to third parties, is outlined under SEC:

Answer 1

*Regulation S-P*: Privacy of Consumer Financial Information and Safeguarding Personal Information.

Step-by-step explanation:

It requires financial institutions to safeguard the personal information of consumers. Notice is to be given to consumers by the financial institutions regarding their privacy policy.