FINRA Releases Social Networking Guidance
SOCIAL NETWORKING—U.S.March 26, 2010
The Financial Industry Regulatory Authority (FINRA) has issued guidance for financial institutions on how to develop social media policies, reports BankInfoSecurity. Regulatory Notice 10-06 covers the use of blogs and social networks. FINRA's Social Networking Task Force collaborated on its creation. "While many firms may find that the guidance in this notice is useful when establishing their own procedures, each firm must develop policies and procedures that are best designed to ensure that the firm and its personnel comply with all applicable requirements," the notice states.