SQL Server setup account does not have the SeSecurityPrivilege privilege on the specified file server in the path {0}. This ...

SQL Server setup account does not have the SeSecurityPrivilege privilege on the specified file server in the path {0}. This privilege is needed in folder security setting action of SQL Server setup program. To grant this privilege, use the Local Security Policy console on this file server to add SQL Server setup account to "Manage auditing and security log" policy. This setting is available in the "User Rights Assignments" section under Local Policies in the Local Security Policy console.