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Investor data-aggregation tools pose risks, Finra says

( April 2, 2018, 16:29 GMT | Official Statement) -- MLex Summary: The US Financial Industry Regulatory Authority warned investors about the risks associated with financial data aggregation firms. Finra said sharing security credentials for account centralization can expose investors to privacy and security risks, such as vulnerability to cyber fraud, unauthorized transactions and identity theft. Investors should read all terms and conditions of contracts signed, verify that an aggregator is only collecting information that is necessary, and understand aggregators' privacy and security regimes, Finra said.Statement follows....

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