(Bloomberg) -- FINRA has seen a “proliferation” of complaints about cybersecurity breaches at broker-dealer firms, a FINRA official said June 17 at an event hosted by the Insured Retirement Institute in Washington.

“It's a pretty big issue for us,” said Daniel Sibears, FINRA executive vice president for member regulation. “There are many dozens of complaints where there's been [a] compromise of customer information, particularly information that is needed to get into online accounts and to execute transactions and move money.”

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