Compliance Solutions for Investment Advisers

Social Media

Following a recent survey of state-registered investment advisers, the Massachusetts Division of Securities has determined that additional regulatory guidance concerning the use of social media is necessary.

The Survey required responses to a variety of questions as to each investment adviser’s use of social media (including Facebook, LinkedIn, Twitter, as well as other media), the compliance policies or procedures in place with regard to such media (including record retention, content review, and supervision), and actual practices (including whether the firm uses an outside vendor for retention of such electronic content).

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