FINRA has recently issued guidance and Q&A on registered reps use of social networking web sites, blogs and other forms of social media. Use of sites such as Facebook, Twitter and LinkedIn for business purposes by reps falls under FINRA’s rules on communications with the public and requires policies and procedures as they apply to each firm’s recordkeeping, suitability and supervision responsibilities. A firm’s WSP should be updated accordingly, including procedures for monitoring and reviewing e-mails, content and blogs via social media. Also see FINRA Regulatory Notice 07-59.

View FINRA Regulatory Notice on Social Media Web Sites

FrontLine Compliance, LLC is a regulatory compliance consulting firm of former high-level regulatory insiders offering customized services to broker-dealers, investment advisers, investment companies, hedge funds, and insurance company affiliates. Staffed by former SEC and FINRA regulators, and chief compliance officers, FrontLine Compliance provides the kind of industry knowledge, experience and expertise on regulatory issues only available from well-seasoned insiders. For more information about the firm, please visit www.frontlinecompliance.com.

FrontLine Compliance, LLC
phone: 888-518-8070
email: info@frontlinecompliance.com
www.frontlinecompliance.com
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