HOW IT WORKS
- Compliance Kit
- Fross’ Career in Compliance
- When Are You an “Investment Advisor”?
- Can Social Media Use Make Me an Advisor?
- Key Social Media Decisions
- Three Things Compliance Officers Should Know
- Social Media: The New Email
- Potholes on the Social Media Highway
- Recordkeeping For Social Media
- Advertising Rules in a Social Media World
- CCO Responsibilities with Social Media?
- Social Media and Investor Protection
- Dodd-Frank & JOBS Act Impacts
- Using Finect
- Tracking Performance in Social Media
- Key Advisor Needs in Social Media
- Operating an Online Group
- Additional Resources for Advisors
- Tutorials on Compliance
Download Finect’s Compliance Kit
Email Your Chief Compliance Officer
Share Finect’s Compliance Kit with your Compliance Officer
Q&A on Compliance with Stuart Fross
Fross’ Career in Compliance: From Fidelity to Finect (2:09)
The former General Counsel at Fidelity International, now a partner at K&L Gates, discusses his work with firms, small and large.
When Are You an “Investment Advisor”? (1:56)
Learn about the key criteria for meeting the definition of an advisor.
Can Social Media Use Make Me an Advisor? (2:16)
Understand how social media may impact your work as an advisor, such as advertising rules and third party content, and the importance of policies.
Key Social Media Decisions (2:31)
It’s easier than you think, but here are the key steps advisors and others need to follow to remain in compliance, including archiving and reviewing postings.
Three Things Compliance Officers Should Know (1:33)
Discusses setting roles and permissions for employee use of social media and even “scrubbing” bad posts after-the-fact. Having good supervision is a defense if needed.
Social Media: The New Email (2:15)
The innovation in social media is not unlike email, when many said “no” to its use. The key for CCOs? A content review and management process, made easy online.
Potholes on the Social Media Highway (2:25)
Social media leads to more communication that needs to be recorded, but Finect can help CCOs.
Recordkeeping For Social Media (2:02)
Recordkeeping includes correspondence, company documents, and performance, as well as periodic testing to ensure records are still in existence.
Advertising Rules in a Social Media World (4:46)
Blogs and online discussions matter in compliance. Fross discusses advertising and testimonial do’s and don’ts in detail, including charts, rankings and third-party links.
CCO Responsibilities with Social Media? (3:17)
Fross sheds light on the key elements of a CCO’s social media policy and points out that a “reasonably designed” policy affords a defense
Social Media and Investor Protection (3:11)
What are the investor protection issues regulators have in mind when it comes to social media? Fross discusses fiduciary duties, misleading communications and more.
Dodd-Frank & JOBS Act Impacts (2:22)
A renewed focus on transparency and enforcement coupled with the ability to now market private placements publicly.
Using Finect (1:10)
Tracking Performance in Social Media (2:22)
While issues such as past performance and lookback rules may raise issues, Fross points out that advisors and professionals can indeed communicate within the rules. Social media – coupled with Finect’s features – can help consolidate approvals and archiving.
Key Advisor Needs in Social Media (2:19)
Simple moves such as disclosing policies, posting an ADV, supervising staff, and monitoring posts make the social media highway possible for professionals.
Operating an Online Group (4:37)
Considering a private or public group for customers, prospects, peers or employees? Here are the rules to follow. View the Compliance Kit to see how Finect’s features enable compliance.