Financial Industry Regulatory Authority Chairman and CEO Richard Ketchum is the first to acknowledge that ground rules for how financial advisors and brokers can use social media such as Facebook, Twitter and LinkedIn are evolving, and that Finra needs to examine several still unresolved regulatory issues before clear rules are in place.
"I know you are all struggling with social media, and how to keep pace with disclosure and investor protection issues," said Ketchum, speaking at the at IRI Government, Legal and Regulatory Conference in Washington, D.C on Tuesday.
Ketchum told conference attendees that Finra two years ago set up its Social Network Task Force––composed of Finra staff and industry representatives––to discuss how firms and their registered representatives could use social media sites for legitimate business purposes in a manner that ensures investor protection.
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Source: fa-mag.com
By: Jim McConville
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1 comment:
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