WASHINGTON: FINRA has issued social networking guidance for securities firms and brokers, following demand from the industry. The Financial Industry Regulatory Authority (FINRA), a non-governmental securities firm regulator, created a social networking task force last fall to clarify its rules as they apply to blogs and the social Web.
The recommendations include best practices for a variety of scenarios, such as a broker's Facebook page, to keep firms from violating financial regulations while being able to take advantage of the popularity ...