SEC & FINRA Compliance for Social Media

SEC and FINRA require a social media archive Registered Investment Advisors (RIAs) and Broker-Dealers are highly scrutinized by both the SEC and FINRA, and their use of social media is no exception. Regulatory notices such as FINRA 10-06 and FINRA 11-39 detail the need to archive social media records. Similarly, SEC has issued social media risk alerts confirming the critical importance of social media record keeping.

Social media profiles are classified as “static advertisements”, and like email, social media creates correspondence that must be supervised and retained. Given that the vast majority of time online is spent on social networking sites, advisors and representatives must join the social media conversation. It is critical for financial services firms to address social media compliance today, and do so in a manner that is efficient and affordable.

What is ArchiveSocial?

ArchiveSocial enables financial services firms to experience the benefits of social media while automatically ensuring compliance with strict industry record keeping regulations such as SEC 17a-4, FINRA 10-06, and FINRA 11-39. It is a cloud-based solution that can automate social media compliance in a matter of minutes.

ArchiveSocial is an ideal solution for firms of all sizes, including independent RIAs. It simplifies compliance through the most intuitive web interface and authentic capture of social media records available. Request a demo to see how easy and affordable it is to automate social media compliance.

Why Choose ArchiveSocial?

  • Automatically archive records of social media communications with clients as transmitted by any device, computer, or network.

  • Ensure a legally valid copy of your communications with clients with our exclusive 100% authentic capture and digital signature process.

  • Easily search and generate records in PDF or Excel using an interface that feels like a carbon copy of your social media.

  • Get compliant quickly with affordable pricing for any size firm, and no long term contracts or setup fees.

Why is 100% Authentic Capture a Requirement?

authentic_capture is important to ensure a legally sound record for ediscovery

Networks like Twitter and Facebook are more than just websites. Underneath every status update, tweet, profile, photo, and message, there is important metadata describing the content. It is important to a complete record of your correspondence in order to satisfy long-term regulatory requirements.

ArchiveSocial saves this data in its native format, and applies a digital signature to each record in order to prove authenticity during legal situations. Unlike vendors that capture HTML snapshots – or convert the data into formats such as email ‐ ArchiveSocial ensures you have 100% authentic social media records you can trust for compliance.