In general, SEC Regulation S-P (Consumer Privacy) protects the rights of which of the following parties?

Issuers are entities that offer securities to the public and are primarily concerned with raising capital. Regulation S-P does not specifically address the privacy rights of issuers; instead, it focuses on protecting the personal information of consumers, which does not include issuers as a party.

Institutional customers, such as corporations and large organizations, are typically not covered by Regulation S-P in the same way as retail customers. The regulation is specifically tailored to protect the privacy of individual consumers and does not extend the same privacy rights to institutional entities.

Registered investment advisers provide advice and services to clients but are not the focus of Regulation S-P. The regulation aims to protect consumer privacy rather than establishing rights or protections for the advisers themselves, making this choice incorrect in the context of consumer privacy rights.