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. > >-Declan > >********* > >http://www.nasdr.com/2690.htm > >POSTPONEMENT OF RULE RELATING TO SUPERVISION OF >CORRESPONDENCE > >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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