Professionals who advise individuals on personal financial matters now are required by the Gramm-Leach-Biley Act (Public Law No. 106-102), and the regulations issued by the Federal Trade Commission regarding the Privacy of Consumer Financial Information (16 Code of Federal Regulations, Part 313), to inform certain customers as to their policies regarding privacy of customer information. These new federal laws and regulations apply to the disclosure of nonpublic, personal information about individual customers who obtain financial services, such as tax preparation and planning, real estate settlement, debt collection, and financial advisory and management services, primarily for personal, family, or household purposes.
Attorneys-at-Law always have been bound by stringent professional standards of ethical conduct and client confidentiality embodied in state law and court promulgated rules of professional and ethical conduct. Therefore, as lawyers, we have always honored and protected our clients’ right to privacy.
We collect information about our clients and their situations so that we can appropriately represent or advocate a client’s interests. Such personal information is collected through documents, in interviews, and by other communications with clients, or with other individuals and institutions, such as accountants, financial advisors, insurance agents, real estate agents, banking institutions, and other advisors.
We retain records relating to professional services so that we are better able to assist our clients, and, in doing so, we comply with professional guidelines and requirements of law. In order to secure nonpublic personal information, we maintain physical, electronic, and procedural safeguards that comply with federal regulations and our professional ethical standards.