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Corporate & Securities Law

: FinancialCounsel

Securities Regulator Issues Guidance To Firms And Brokers As To Communications On Social Networking Web Sites

By James Eccleston

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FINRA (the Financial Industry Regulatory Authority) recently announced new guidance as to the obligations of financial services firms and their brokers related to their use of social networking sites such as Facebook, Twitter, LinkedIn and blogs to communicate with the public.  Regulatory Notice 10-06 is meant to protect the public and addresses important areas such as suitability of investment recommendations and accurate and balanced communications.  Let's highlight two key aspects of the guidance.

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Full post as published by FinancialCounsel on February 11, 2010 (boomark / email).

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