Please join ACA on Thursday, September 8, 2011, from 1 to 2 p.m. EDT as Margaret R.A. Paradis of Morris, Manning & Martin, LLP and Jack Rader of ACA Compliance Group discuss social networking for investment advisers and their employees.
The SEC has provided relatively little guidance on how investment advisers or their employees may use social media or networking websites, or on the compliance implications of doing so. However, we know these activities are on the SEC's radar given the sweep exam reportedly conducted on social media in early 2011. Recent studies show that nearly 70 percent of asset managers use some sort of social media tool such as Facebook, LinkedIn, or Twitter.1 Are "likes," "recommendations," and "tweets" subject to recordkeeping requirements? Are they considered advertisements? Can investment advisers rely on guidance issued by FINRA for broker-dealers?
Join our experts on September 8 for a comprehensive discussion on social networking for investment advisers. Our topics will include
- how marketing rules apply to social networking media,
- books and recordkeeping requirements,
- monitoring on social networks,
- compliance risks associated with social networking, and
- the SEC's exam focus.
The fee to attend the Social Networking webcast is $225. Please follow this link to register for the event or for any of ACA's upcoming webcasts.