05 July 2015

Finra issues more social media guidance

24 August 2011  |  7450 views  |  0 keyboard 2

US regulatory body Finra has set out its latest guidance to securities firms and brokers on the use of social media sites such as Facebook, Twitter and LinkedIn.

Finra first attempted to set out guidelines on issues such as record retention early last year to help its members deal with the nascent communications channels.

However, after calls from firms for clarifications on a range of issues, the watchdog set up a new task force on the issue which has now issued a fresh set of rules to follow.

The Finra guidance says staff have to get business-related communications such as blogs pre-approved by their employers but 'unscripted' discussions such as through instant messaging do not need to be vetted, although supervisors have to be told afterwards.

Meanwhile, staff who want to mention their employer on sites such as LinkedIn must get approval first while companies must also supervise and record relevant communications even if they are made by employees' personal devices.

You can read the guidance in full here:» Download the document now 126.5 kb (PDF File)

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

18 July, 2011
08 June, 2011
26 May, 2011
24 May, 2011
07 April, 2011
01 April, 2011
16 February, 2011
07 February, 2011
18 November, 2010
16 July, 2010
26 January, 2010
29 October, 2009

Related company news

 

Top topics

Most viewed Most shared
Barclays takes on Apple with wearable paym...
9100 views comments | 39 tweets | 35 linkedin
Singapore pledges S$225m to fintech
8510 views comments | 32 tweets | 24 linkedin
US banks pump $16.6bn into digital transfo...
7281 views comments | 36 tweets | 24 linkedin
Greeks flock to Bitcoin
6182 views comments | 31 tweets | 18 linkedin
UK payments regulator calls for 'pipes and...
5728 views comments | 27 tweets | 20 linkedin

Featured job

to £100K base, double OTE, stock options
London, UK

Find your next job