Contributor: Suman Garhwal

In mid August, FINRA issued a much awaited follow up to its notice 10-06 regarding securities firms use of social media. This guidance was issued in the form of notice 11-39 (FINRA Notice 11-39) which is an effort to provide additional direction on how firms can use social media as part of their business strategy. A large part of such a strategy is the use of social media by the field. Since FINRA issued notice 10-06 (FINRA Notice 10-06) about 18 months ago, there have been a lot of questions in the industry regarding its interpretation, causing firms to hesitant when opening up with their strategy on social media.... read more