Social media compliance: Lessons from across the pond

The Financial Conduct Authority (FCA) is flexing its muscles on social media compliance, and UK adviser firms now must operate within a more controlled environment. Those advisers who are struggling to interpret the final FCA social media guidance may want to look to the US to learn how their overseas peers approach social media compliance. Financial advisers and firms in the US have their fair share of guidelines to contend with, and many have developed best practices for the archiving and supervision of social media. The US financial services regulatory approach to social media c...