St. Louis-based advisory firm R.T. Jones Capital Equities Management has agreed to pay $75,000 to settle Securities and Exchange Commission charges that it failed to have a cybersecurity policy in place before a computer breach compromised clients' personal information. According to the SEC, the firm stored the information of its clients and others on a third party-hosted server. The server was breached in July 20143 and 100,000 individuals' information was compromised. Industry representatives predicted this is the start of similar actions that will be brought by the SEC this year and next. "Further enforcement actions may be derived from deficiencies detected from the SEC's inspections of advisers," Eugene Goldman from McDermott Will & Emery and a former SEC prosecutor, said. Read the original story from InvestmentNews.