Social Media

FINRA charges that posts made by influencers on social media sites on behalf of a Texas-based broker-dealer were "not fair or balanced"

Social media posts made by influencers on broker-dealer's behalf "were not fair or balanced, or contained exaggerated, unwarranted, promissory or misleading claims"

The influencer's and the index provider's fee structure and the lack of disclosure surrounding the engagement proved problematic

This is a peer's policy for e-mail and other electronic communications

A peer shares an example of a compliance policy and procedure for off-channel communications

The number of SEC-registered investment advisers climbed to an all-time record high in 2022--a 2.1% increase over the prior year

FINRA provides practices firms may want to consider when evaluating their social media influencer programs and privacy obligations

The route most advisers would take to limit avenues of business communications would be via their compliance P&Ps



The agency will release 'quite a bit of guidance' to help with compliance with the new IA ad rule 'between now and the November compliance ...