Helping the financial industry adopt social networking

FINRA's out with 11-39. "Not intended to alter...10-6"

Here's the direct link. Let the discussion begin.

Replies to This Discussion

Permalink Reply by David Rosen on August 19, 2011 at 12:07am

So 10-6 specifically referenced blogs, Twitter, LinkedIn and Facebook, as well as "interactive electronic forums" generally. With 11-39, that generality seems to get underlined with reference to "any social media site."

We may be seeing the rare case where the law is actually ahead of the technology.

The compliance tech appears set for the popular channels above, but next steps would be extending capabilities to the other places where important conversations are happening. For example, the hobbyist blogs (64% of the blogosphere according to Technorati) that aren't owned by the institution or the advisor, the comments sections beneath traditional media articles that are viewed and used by millions, and Q&A sites like Quora that rank so highly in search engines.