I posted back in October that FINRA scheduled a webinar to discuss guidelines when using social networking websites. The webinar was scheduled for December 16, 2009.
I learned today via AdvisorTweets on Twitter that the webinar has been postponed for three months. It now is scheduled for March 17, 2010. One thing that hasn’t changed is the $50 member/$100 non-member registration fee required to attend the event.
Click the image below to connect to FINRA’s website and get the new details.
Like them or not, FINRA is getting the jump on the SEC over issuing guidelines to registered representatives regarding the use of social networking.
FINRA is offering a compliance webinar on December 16, 2009 to cover “compliance and regulatory considerations when using social networking sites to communicate firm business.”
Why FINRA decided to charge $50 for members and $100 for non-members is beyond me. I would think they would want to make this information free to increase compliance with the guidelines set by FINRA. I digress.
Yes, posts to FPPad have been sporadic of late, but trust me, work is going on behind the scenes.
In particular, I’ve been working with several individuals on communicating the risks and responsibilities when it comes to using client login credentials (e.g. login and password) to access captive or held-away accounts. As client services continue to expand, advisers are aggregating information on held-away accounts to generate reports that include all of a client’s assets, not just those that are held with the adviser’s custodian of choice.
Last week, I participated on a webinar hosted by ByAllAccounts that addressed the issues of custody when adopting this practice.
Today, Advisor Perspectives has published my article titled The Custody Conundrum. I trust that you will find most of the answers to your questions when it comes to custody and the practice of retaining and using your clients’ account logins.
