The board of directors of My Local Bank, a privately owned institution in Burbank, California, is exploring the idea of taking the bank public. As part of the due diligence, the board members have hired you to explore the legal and regulatory environment pertaining to information security and privacy, and they have asked you to research and report back to them on the laws, statutes, and regulations that will influence their decision making. You are asked to identify specific laws, regulations, and statutes and to identify the lead agencies with which they would be required to work to ensure that they are in compliance prior to issuing stock for the IPO.
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