Analysis of cutting-edge securities industry issues
The SEC recently issued an investor bulletin regarding one of our favorite topics; data security of customer accounts. The primary areas of the SEC’s focus were:
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Continue Reading Who wants more reasons to focus on data security
The recent Putnam Social Advisor Study reported on in the Investment News should tell you all you need to know; 79% of advisors responding to the study gained new clients…
Continue Reading Oh no, not more social media on social media
Since Al Gore invented the internet, we have had an unprecedented amount of information and data right at our fingertips. However, given the immeasurable quantity of this information, it has…
Continue Reading Twitter: More than just Social Media
The SEC and FINRA have continued to designate cybersecurity as an exam priority. Both the SEC and FINRA have also recently published the findings of their exam sweeps. As reported…
Continue Reading So How Is Your Cybersecurity
FINRA recently sanction a registered representative for tweets made some time ago. The offending tweets referenced a stock that he did not disclose that he owned and were otherwise biased …
Continue Reading Look Before You Tweet
As firm clients demand more and more access to their registered representatives, member firms must do more to make sure that their brokers do not run afoul of the firm …
Continue Reading Personal Email For Firm Business – Don’t Do That
The SEC recently issued two interpretations that address your use of interactive social media, like Twitter, in accordance with the securities laws. These interpretations permit your firm to now use …
Continue Reading I Tweet, You Tweet, We All Tweet
The SEC announced that it will not pursue an enforcement action against a company CEO for violating Regulation FD when he announced on his personal Facebook page certain information. The…
Continue Reading Is Social Media Allowed for Public Announcements?
The Financial Industry Regulatory Authority announced that it sent targeted examination letters asking broker-dealer members about their social media use. See http://www.finra.org/Industry/Regulation/Guidance/TargetedExaminationLetters/P282569.
In the letter, FINRA warned that each member…
Continue Reading FINRA Requests Data on Member Firms’ Social Media Use
This is another area where we consistently blog because it is a constant issue. The SEC is now reviewing public companies’ disclosure relating to cyber security risks to determine if…
Continue Reading SEC AGAIN LOOKING AT CYBERSECURITY ISSUES
