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 ...
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
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...
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...
by Michael B. Raines
and Jeffrey E.
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...