Uh oh. New guidelines from the Financial Industry Regulatory Authority warns security firms that they must keep copies of what any business-related communications posted on social networks – not just the official communications, but also of posts by any “associated persons.”
This could be complicated! What Wall Street companies and their employees aren’t using social networks like LinkedIn and Facebook and Twitter to talk with customers, business associates, and friends? These social networks blur the already fuzzy lines between what is business and what is personal these days.
Securities Industry News has outlined steps for companies to control these communications, but, “there’s no perfect solution” for any company wanting to follow the FINRA’s guidelines.
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