Social Media Websites and the Use of Personal Devices for Business Communications (Notice); Regulatory Notice 11-39

RN 11-39

August 18, 2011

FINRA published a regulatory notice responding to further questions raised after it published guidance in early 2010 on the use of social media in communications with the public (RN 10-06). In particular, this notice addresses the following issues relating to social media websites: (1) recordkeeping obligations; (2) supervisory review; (3) links to third-party websites; and (4) data fees.

For more information about this document, you may contact one of the following Cadwalader attorneys: Steven D. Lofchie; Glen P. Barrentine.

Cross References:

FINRA RN 10-06 (Guidance on Blogs and Social Networking)

Lofchie's Guide to Broker-Dealer Regulation, Chpt. 6: Communications

Exchange Act Rule 17a-4

NASD Rules 2210, 3010