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Real-life scary cyber stories; What is MNPI, anyway?

Close-call cybersecurity nightmares (and tips for better sleep); Thoughts on MNPI from the Private Fund Compliance Forum.

Cybersecurity: From voice manipulation to hacking an investor with bad password habits, bad actors in the cyber-world have plenty of ways to pretend they’re someone they’re not. From day one of PEI‘s Private Fund Compliance Forum in New York, we present two real-life cybersecurity close-call nightmares shared by panelists, and the tools and tricks they say are necessary to get better sleep at night.

There’s more to come of our conference coverage, but for now, we’ll leave you with some choice quotes from a panel discussing MNPI:

“If we’re arguing for more than 30 seconds, it’s MNPI.” – One executive’s rule of thumb for drawing the line between material and non-material nonpublic information.

“It’s whatever my former colleagues want it to be when they decide to charge you.” – The definition of MNPI, as told to another fund executive by a former federal prosecutor.

Email prepared by Graham Bippart