SEC Updates Privacy Rules to Better Guard Financial Data
Published Date: 12/23/2025
Notice
Summary
The SEC is updating its records system to better protect America’s money from fraud and waste, following a new Executive Order. This change affects how the SEC shares certain financial info but doesn’t change who’s included or your rights to see or fix your records. The update kicks in now, with a 30-day window for public comments until January 22, 2026.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
SEC may share payment data with Treasury
The SEC added a new routine use (Routine Use 14) that allows it to disclose records from its Financial and Acquisition Management System (SEC-06) to the U.S. Department of the Treasury for review through the Do Not Pay Working System to identify, prevent, or recoup improper payments. This sharing explicitly covers payments to applicants or recipients of Federal funds, including funds disbursed by a State in state-administered, federally funded programs.
Sensitive financial and ID data covered
SEC-06 includes personal and financial identifiers such as Social Security numbers (SSNs), Tax Identification Numbers (TINs), routing/transit numbers, deposit account numbers, and vendor identifiers (DUNS, vendor number). Those data elements in SEC-06 may be disclosed under the SEC's routine uses (including the new Routine Use 14) when relevant to Treasury's Do Not Pay Working System reviews.
Your access and amendment rights unchanged
The SEC states that the modification to SEC-06 does not change which categories of individuals are covered, how records are collected, the authorities for collection, or individuals' rights to access or amend their records under the Privacy Act. The notice is effective upon publication, with a 30-day comment period that ends January 22, 2026.
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Department and Agencies
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