[IWAR] Regulators back down on SEC/NASD email snooping rules

From: Mark Hedges (hedgesat_private)
Date: Fri Feb 13 1998 - 11:49:04 PST

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    SEC wanted to pass a rule that they would be required to snoop on their
    employees' home computers. They're backing off. -hedges-
    >Date: Thu, 12 Feb 1998 14:26:21 -0800 (PST)
    >From: Declan McCullagh <declanat_private>
    >To: politechat_private
    >Subject: FC: Regulators back down on SEC/NASD email snooping rules
    >Last Friday I wrote in Netly about the SEC approving rules dealing with
    >email snooping on home computers and the potential privacy violations:
    > http://cgi.pathfinder.com/netly/opinion/0,1042,1731,00.html
    >These rules were to take effect on February 15. Now, citing "concerns that
    >have been voiced," the NASD has backed down and is considering changes.
    >Score one for privacy, or at least a more cautious approach.
    >NASD Regulation has postponed the effectiveness of rule
    >changes, which were approved by the SEC, governing the
    >supervision and record retention requirements relating to
    >correspondence, including electronic mail (File
    >SR-NASD-97-24). These changes were scheduled to take effect
    >on February 15, 1998. This postponement will allow NASD
    >Regulation to fully consider and address concerns that have
    >been voiced since the adoption of the changes, including
    >issues concerning their effect on review of incoming
    >correspondence and the scope of the obligation of member
    >firms to control the use of electronic communications
    >systems that registered persons use to communicate with
    >their customers. After considering these issues, NASD
    >Regulation will issue a subsequent notice providing a new
    >effective date or proposing further changes.

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