[2133] in cryptography@c2.net mail archive
Regulators back down on SEC/NASD email snooping rules
daemon@ATHENA.MIT.EDU (Declan McCullagh)
Thu Feb 12 22:44:30 1998
Date: Thu, 12 Feb 1998 14:27:19 -0800 (PST)
From: Declan McCullagh <declan@well.com>
To: cryptography@c2.net
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.
