For some firms, social media platforms can be successful marketing tools. However, such tools come with important compliance considerations, including compliance with advertising rules, books and records requirements, and related policies and procedures, among others. While the SEC has published limited guidance, currently neither the SEC nor states have adopted rules specifically addressing social media compliance. HERE is a link to our white paper regarding this topic that you can download for reference. The purpose of the white paper is to analyze potential social media compliance issues in the absence of express rules or definitive advice from the SEC specifically regarding social media sites and other online content.
About RIA Compliance Group: RIA Compliance Group is an investment adviser compliance consulting firm based in Delray Beach, Florida. The firm’s mission is to provide affordable, timely, practical, and cost-effective compliance advice. We help investment advisers to comply with the myriad of state and SEC regulations and compliance obligations facing their firms. RIA Compliance Group takes pride in giving personal service and real world compliance advice, not theoretical concepts and legalese. The firm interacts on a daily basis with SEC and state securities regulators.