RENTON, WA – Oct. 8, 2013 – Erado, an innovator in electronic communication compliance, has released version 8.0 of its Management Control Center (MCC) compliance solution that allows for real-time management, and contextual capture of messages and data across all forms of real-time communication channels.
FINRA is currently conducting spot checks of all social media communications for firms and for their reps. The specific social media channels that are being reviewed are Facebook, Twitter, Linkedin, and Blogs.
Identity theft is one of the fastest growing types of crime in the United States that results in financial losses in billions of dollars a year. The government has been working to help combat this growing problem by implementing policies and programs to help prevent identity theft and to assist victims.
Now that the SEC has clarified certain rules regarding social media use amongst advisors and companies, it is time to start utilizing it in an effective manner in order to maximize results. More and more financial advisors are joining Twitter and connecting with their clients to disseminate the most current information regarding the financial industry. So far this year, about 37% of advisors have Twitter accounts and that number is only growing.