Rule 206(4)-1(a)(1) – Compliance Building

Beware of Social Media Consultants

Doug Cornelius July 11, 2018July 11, 2018 Social Networking and Web 2.0 [+]

The Securities and Exchange Commission packaged together five separate settled proceedings against registered investment advisers, investment adviser representatives, and a social media consultant for violations of the Testimonial Rule the use of social media and the internet. If you get a pitch from someone to increase your firm’s presence in search results ask that person … Read more »

The SEC Endorses Yelp for Investment Advisers

Doug Cornelius April 1, 2014April 1, 2014 Compliance Programs [+]

Investment Advisers and the Securities and Exchange Commission have been struggling with the use of social media. Advisers see it as a way to communicate with clients and potential clients. The SEC sees it as an area ripe for fraud. Both are right. The SEC has stuck fast to rules on advertisements when it comes … Read more »