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Topic: Social Media

Monitoring vs. Privacy: Best Practices to Stay in Compliance with a Shifting Line

February 8, 2019
It’s no secret that advisory firms need to monitor employee communications as part of their firms’ compliance efforts. It’s also no secret that advisers must make every effort to protect employees’ personally identifiable information (PII). How can advisers meet one priority without violating the other?

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Electronic Messaging: OCIE Wants Advisers to Adopt Better Controls

December 21, 2018
Use of social media, texts and other types of electronic messaging, as well as employment of mobile and personal devices, count as business communications as much as email or paper documents. Advisers must establish proper policies and procedures, train employees, provide supervisory review and establish control over such communications and the devices used.

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Solve Social Media Compliance Problems Before Examiners Find Them

August 5, 2016
When SEC examiners visit your firm, expect social media and how it is used by investment staff and other employees to be high on their list of focus areas. The challenges facing chief compliance officers is not only to be prepared for the examination, but to be aware that social media poses a challenge different from many other compliance matters.

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Social Media: Monitor, But With a Regard for Privacy

February 6, 2015
When working on one set of challenges, don’t create new ones.

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Testimonial Rule and Social Media: New IM Guidance Charts a Path for Proper Use

April 4, 2014
A new guidance update from the SEC staff provides some clarity as to just what violates the testimonial rule – and what doesn’t – when advisers use social media. The key seems to be that when an adviser provides a link to a third-party social media site, that site must provide all comments, not just those that are favorable.

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Social Media Check

April 5, 2012

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Massachusetts Offers Guidance on Adviser Use of Social Media

January 30, 2012

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SEC Releases Social Media Guidance for Advisers, Makes a Point With Concurrently Released Enforcement Action

January 16, 2012

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An Observation About Social Media

October 29, 2011

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