Alert August 23, 2011

FINRA Issues Guidance on Use of Social Media and Use of Personal Devices for Business Purposes

FINRA issued Regulatory Notice 11-39 to respond to questions raised by member firms since the January 2010 issuance of Regulatory Notice 10-06, which provided guidance on the application of FINRA rules governing communications with the public to social media sites and reminded firms of the recordkeeping, suitability, supervision and content requirements for such communications.