Is Social Media "Worth It" For Asset Managers?

FINRA held its long-anticipated Webinar on social media guidance today. (A replay will be available in a few weeks, social media vendor Socialware has posted a summary and we wrote a brief AdvisorTweets blog post.)

When we commented on the release of the guidance last week, we characterized it as FINRA kicking the ball into Compliance’s court. Well…not so fast—there’s somewhere else the ball has to go first and that’s to management.

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Compliance: FINRA Bounces Social Media Ball To Your Court

The following was also posted at our AdvisorTweets.com/blog.

At about mid-day today, FINRA released its 10-page Guidance on Blogs and Social Networking Web Sites. (A tip of the hat to @BillWinterberg who was first among our tweeps to spot the regulatory notice.)

Others might disagree or read something in between the lines, but to us the guidance seems reasonable.

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