The ability of securities firms to monitor their employees' communications on social networking sites is threatened as states enact or consider privacy laws. The changes present compliance challenges for the securities companies as well as regulators. SIFMA is urging California Gov. Jerry Brown to veto a bill that would ban employer access to their employees' private social media sites. "The bill, while well-intended, conflicts with the duty of securities firms to supervise, record and maintain business-related communications," SIFMA said in a letter to Brown. Read SIFMA's letter to Gov. Brown.
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