Search In the News
Search by date
Following its recent targeted sweep letter, industry professionals speculate that the Financial Industry Regulatory Authority (FINRA) is looking broadly at how firms utilize social media, as opposed to examining specific content posted by reps. In the article, “Pros: social media sweep shows that SRO is probing firm use,” published in BDWeek, Sutherland Partner Brian Rubin stated that, although he does not know which firms received the letter, it appears to be an attempt by the FINRA Advertising Regulation Department to understand how firms and reps are using social media. “The end result could be further regulatory notices, different rules, or enforcement actions against reps or firms,” he said.
Read the full article here. (subscription required)