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The House Financial Services Committee Wants to Be Your Friend

Congressman Bachus must have let one of his grandkids near the computer. The House Committee on Financial Services , of which Congressman Bachus is the chairman, has jumped into the world of social media. They have a Twitter feed , a YouTube Channel , a Facebook page and a blog: The Bottom Line ...

Twitter Fail and Compliance

FINRA has long regulated and limited the ability of broker/dealers to communicate with the public. One of their missions is to protect the investing public from unscrupulous securities brokers. Twitter is a communications tools and any messages posted to Twitter will need to be in compliance. ...

Report on Investment Adviser’s Use of Social Media in Massachusetts

Social Media used by Investment Advisers There is a growing trend in the financial services industry to use social media sites for outreach to existing as well as potential customers. Noticing this trend, the Securities Division of The Office of the Secretary of the Commonwealth surveyed investment...

More from FINRA on Social Media and Mobile Devices

In January 2010, FINRA issued Regulatory Notice 10-06 in an attempt to provide guidance on the application of FINRA rules governing communications with the public to social media sites. The guidance did not provide much that was new. Largely, FINRA pointed out that the existing communication and...

FFIEC Proposes Social Media Guidance

by Michael B. Raines and Jeffrey E. Jamison Last week, the Federal Financial Institutions Examination Council ("FFIEC") issued proposed risk management guidance regarding the use of social media by financial institutions, including banks, credit unions, and non-bank entities supervised...