Financial advisers are wary of social media

02/17/2011 | InvestmentNews (free registration)

The Securities and Exchange Commission and Financial Industry Regulatory Authority have ramped up their inquiries into how social media is used by financial advisers; the first social media regulatory guidance was issued about a year ago, and the SEC sent a letter to firms, requesting information on social media use. Until a well-defined set of rules is established, however, advisers will remain leery of social media.

View Full Article in:

InvestmentNews (free registration)

Published in Brief: