Securities regulators balk at employee social-media privacy
The Financial Industry Regulatory Authority, an independent U.S. securities regulator that seeks to protect investors, is asking lawmakers in around 10 states to amend their legislation to allow financial firms to peak at social media accounts when employee misuse is suspected, a spokesperson told the Wall Street Journal.
The fear seems to be that brokers could use their social media accounts to spread information that would influence stocks, and that misdeeds would go unchecked without … Read more