Social Media Compliance: Clarity Or Confusion?

The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have recently come out with communications regarding social media usage by advisors.

Read Mike Byrnes Financial Advisor article to learn more about how social media is evolving and what regulators are doing to keep up, especially related to these recent news items:

• An advisor LinkedIn scam
• The SEC’s National Examination Risk Alert
• A FINRA rebuttal letter

Also, get insight on the history of social media regulatory communications in FINRA’s:

• Regularity Notice 10-06
• Regularity Notice 11-39

Of all that has been shared, it is clear that the regulations will never be black and white. Old rules still apply, and thus they require interpretation.

Need help with your social media strategy? Contact Byrnes Consulting to improve your success.

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Building a Compliance-Friendly Social Media Strategy Financial Services Social Media Why Advisors Still Don’t Use Social Media 5 Social Media Mistakes To Avoid