Brokers must think twice before tweeting, Facebooking
If you’re a registered broker or work for firm that sells any sort of investment products, you’ll want to think twice before blurting out anything that could be construed as investment advice on Facebook, Twitter, or any other social networking site. The Financial Industry Regulatory Authority (FINRA) has updated its guidelines for interpreting the rules that govern how brokers present advice to the public to cover online social networks; and, in some cases, the guidelines rely on social network monitoring and archiving technology that doesn’t even exist yet.
Full Article (Ars Technica - arstechnica.com)
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POSTED Wednesday February 3rd
