Identity Theft Prevention Program Statement (Regulation S-ID)
Sunstate Wealth maintains an Identity Theft Prevention Program designed to detect, prevent, and mitigate the risk of identity theft in connection with opening and servicing client accounts. Our program is tailored to the nature of our advisory business and complies with Regulation S-ID (“Red Flags Rule”).
Key elements include:
- Identifying relevant red flags associated with identity theft in advisory accounts.
- Detecting red flags through our client onboarding, account opening, and ongoing monitoring procedures.
- Responding appropriately to prevent or mitigate identity theft when red flags are detected.
- Periodic program updates to address changes in risks, technology, or our business model.
- Training for personnel responsible for implementing the program.
- Oversight of service providers, such as custodians and technology partners, to ensure they maintain their own identity theft prevention controls.
Sunstate Wealth reviews its Identity Theft Prevention Program at least annually to ensure it remains effective in safeguarding client information.