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