FINRA Issues Guidance to Firms, Brokers on Communications with Public Through Social Networking Web Sites
That’s right, FINRA just released guidance on the use of social media webistes!
Click here to read the release on FINRA’s website.
Here are several links to coverage, reviews, and feedback by folks I follow in the blogosphere and social media space:
- AdvisorTweets: FINRA Issues Social Media Guidance: Tweets Do Not Require Prior Approval
- Rock The Boat Marketing: Compliance: FINRA Bounces Social Media Ball To Your Court
- Arkovi Backups: FINRA’s Social Media Guidelines
- InvestmentNews: Finra unveils guidelines for social-media and business blogging
- SECLaw.com: FINRA Releases Social Media Guidance For Brokers
- Smarsh: FINRA Tackles Social Media Compliance with FINRA Regulatory Notice 10-06
- BlissPR: FINRA’s Social Media Guidelines – Is 10 Pages Enough?
- Financial Advisor: FINRA Cautions Advisors About Social Media
- Gilbane Group: FINRA Affirms Regulation of User-Generated and Social Content
- Compliance Building: FINRA Issues Guidance on Social Networking Sites
- IT Knowledge Exchange: FINRA compliance rules extended to social media platforms
- [New as of 2/11/2010] Backupify: Financial advisors are required to keep social media records, even if it’s impossible
Get FPPad updates via RSS or 
get updates by Email
January 26th, 2010 at 7:01 am
[...] FINRA Issues Guidance to Firms, Brokers on Communications with Public Through Social Networking Web … by Bill Winterberg for FP Pad Share and save: [...]
January 26th, 2010 at 8:13 am
Firms interested in learning more should check out the Companion Guide to FINRA Social Networking Compliance http://bit.ly/8xT73y. It picks up where Notice 10-06 leaves off, offering additional detail on social networking considerations and a checklist of requirements for choosing a social networking compliance vendor.
January 31st, 2010 at 8:45 pm
[...] Bill Winterberg, FP Pad [...]
February 16th, 2010 at 9:46 am
In listening to the FINRA webcast, there were 7 main highlights.
The 7 main highlights are covered here: http://bit.ly/cZ1O1Q
February 16th, 2010 at 10:21 am
March 20th, 2010 at 10:01 pm
[...] FINRA’s issuance of regulatory guidance on the use of social media, advisors still have many questions about what can and cannot be done on [...]
May 4th, 2010 at 8:52 am
[...] So I view the partnership as a very promising relationship in support of an all-in-one social media compliance solution to satisfy FINRA and SEC regulatory requirements. [...]
June 18th, 2010 at 1:33 pm
[...] Like it or not, social media in financial services has been a recurring topic in the industry this year. The big question for FINRA-regulated registered representatives and SEC-regulated investment advisers is how to engage in social media activities without violating compliance rules (even after FINRA released its guidance on using social networking websites). [...]