Using Facebook comes with compliance risk for advisers

05/13/2011 | RIABiz.com

Facebook's "Like" button raises compliance concerns for advisers who use social media to communicate with clients, Les Abromovitz writes. The question is whether "liking" is a form of testimonial that could be prohibited under existing regulations. Advisers should be mindful of whether their Facebook activities are appropriate and be sure to make appropriate disclosures, Abromovitz wrote.

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