Social Media E-Commerce Policy




Social Media E-Commerce Policy

If you do Social Media... do you have a Social Media Policy?
Social media has crossed over into the business realm, creating compliance concerns. This is the latest regulatory hot button for both Registered Investment Advisors and Broker/Dealers. As reported in a recent Reuters article:
"...Not having a social media policy in place - even one prohibiting the use of social media - was the most common violation of industry regulations, according to Amy Sochard, director of advertising regulation at FINRA."
The 3 main challenges to address are:

  1. advertising rules and standards of communications with the public;
  2. supervision (approval and monitoring); and
  3. recordkeeping.

Do you have the most current E-Commerce policies in your in your Policies & Procedures?

  • Internet (website)
  • E-mail
  • Blogs and Social Media

The complete E-Commerce Policy is delivered in WORD electronically for your easy customization.
The E-Commerce Policy is available here as a stand-alone document or included in the RIA Policies & Procedures and Code of Ethics.

Policies & Procedures and Code of Ethics Policies & Procedures for RIAs
This user-friendly tool provides sample provisions that you can customize to your own individual operating procedures and practices - while keeping you in compliance with the regulatory requirements.
Your finished product gives you an easy-to-follow policies and procedures manual to help you stay in compliance. Click here to find out more.