Now that some precedent has been set, albeit by a completely different body (i.e. the NBA), I suspect that the SEC might not be too far behind in stepping up its enforcement efforts by following the tweets of registered advisers.
My advice to registered advisers: Tweet with extreme caution.
Want to Know More?
Andy Gluck at Advisor Products, Inc. is hosting a webinar this Friday, April 3 featuring Brian Hamburger of Market Counsel to address the compliance issues of using social networking technology, including LinkedIn, Twitter, FaceBook and others.
If you’re interested in learning more about this subject, I highly recommend you register now! This session has the potential to reach the maximum number of participants allowed.
Ok, now I’ll really be on a temporary hiatus from blogging. I’ll be updating more frequently once my schedule returns to normal (will that ever happen?!?).
My wife and I welcomed our new baby boy into the world on March 28, 2009 at 11:23 AM. Enjoy the photos below:
Posted with QuickPress:As I mentioned earlier this month, I’m training new staff and giving several presentations to professional organizations. As such, blog updating has taken a back seat. I plan to be back in April with insight on TWR performance reporting flaws, custodian captivity concerns involving custom tools, and a review of Smarsh’s recently unveiled CRM.
Until then, you can follow my micro updates on Twitter.
I’m going to open up a topic that has the potential to create a bit of controversy. Here’s my bold statement:
Investment advisers registered under the SEC who use the “Recommendations” feature of LinkedIn.com may be in violation of Rule 206(4) of the Investment Advisers Act of 1940.
I’ve discussed this topic with several members of my local financial planning community, including investment adviser litigation defense attorneys. More recently the topic has come up in discussions with other professionals I have connected with through Twitter, including Susan Weiner, CFA and Kristen Luke.
I’m busy working on the final slides for a presentation I’m delivering to the Mid-Oregon chapter of the FPA on Tuesday, March 17. Lunch is served at 12:30PM, the first speaker begins at 1:00PM, and my session begins after 2:00PM. I’ve been asked to provide an overview of the CRM software market (not a small task!) and also provide easy productivity tips that can help financial advisers get the most out of each workday.
If you’re in the local vicinity, I encourage you to sign up for what I hope will be a very informative presentation.
Pre-registration (at least 24 hours in advance) is strongly advised for all chapter meetings. To pre-register contact the Chapter Executive Director, Linda Barba at (541) 284-9855. Please leave your name, membership status, sessions attending, and number of guests.
I do blog for fun, but I don’t blog for profit. Note that there are zero ads from Google or any other type of marketing on FPPad.
Since it’s a pastime of mine, sometimes blogging takes a back seat to the other priorities that consume my day. Since I’m deep into staff training, managing trading in volatile markets, and preparing several presentations to advisers on technology and social media, I’m going to highlight some of the more popular FPPad posts that have been drawing a lot of traffic in the event you’ve missed them.
And I’ll return with new content that I have in process soon.
I’m busy working on the final slides for a presentation I’m delivering to the Mid-Oregon chapter of the FPA on Tuesday, March 17. Lunch is served at 12:30PM, the first speaker begins at 1:00PM, and my session begins after 2:00PM. I’ve been asked to provide an overview of the CRM software market (not a small task!) and also provide easy productivity tips that can help financial advisers get the most out of each workday.
