Members corner | The fund industry goes social | A case study

Members corner | The fund industry goes social | A case study

Despair no longer, devoted users of Facebook and Twitter! The fund industry is slowly but surely becoming more social.

Read about the social media program at Boston Financial Data Services, one of the firms leading the charge.

Why social media is like sexual harassment

Why social media is like sexual harassment
It may seem completely crazy to compare social media and sexual harassment. To its many advocates, social media is the wave of the future and a positive force — one that is leading to more communication and a freer flow of information.

The state of compliance 3 | The social media news

The state of compliance 3 | The social media news
Mention “social media” to a compliance professional in the fund industry, and they’re likely to think “risk.” There’s the risk that an unauthorized Tweet can be construed as an investment recommendation, the risk that a Facebook Like becomes a forbidden testimonial, or the risk that information from LinkedIn.

And the winner is. . . | Social media in the fund industry

And the winner is. . . | Social media in the fund industry
So much is changing in social media. Even though it’s only been 8 months since we last did a survey of social media by NICSA members, we thought it was time for an update. Here’s our assessment of which channels are leading and which lagging: Most active channel.

What’s in a Like? | Better disclaim one in Massachusetts

What’s in a Like? | Better disclaim one in Massachusetts
First FINRA, then the SEC — now the Massachusetts Securities Division has weighed in on social media use by investment advisers. The Division’s guidance, released on January 18, is the most detailed yet.

What’s in a Like? | Adoptions and testimonials

What’s in a Like? | Adoptions and testimonials
What does it mean when you click the “like” button on a social media site? The answer depends on who you’re asking. Facebook says that it’s “making a connection.” FINRA calls it an “adoption.” And now we know that the SEC considers it a “testimonial.” In a Risk Alert issued January 4, 2012, the SEC’s Office of Compliance Inspections and Examinations explains that: use of the ‘like’ feature on an investment adviser’s social media could be deemed to be a testimonial if it is an explicit or implicit statement of a client’s or clients’ experience with an investment adviser or an investment adviser representative.

What’s in a Like? | A story of Facebook woe

What’s in a Like? | A story of Facebook woe
What’s in a Like? What does it mean when a Facebook user becomes a fan of an organization by clicking the Like button on their page? The Facebook FAQs say that choosing to Like something is “making a connection.” So a Like would seem to be a natural fit for NICSA, since we’re all about connections.

Gen Y, social media, the fund industry and NICSA

Gen Y, social media, the fund industry and NICSA
I’ll admit that I’m skeptical of claims that the Gen Y’ers — or the Millennials, as they’re often called — are somehow fundamentally different from Baby Boomers. Yes, Millennials may not behave like their elders right now, but is that they because they were born in the 1980s rather than the 1950s — or simply because they’re in their 20s and not their 60s?

Launching NICSA News

Launching NICSA News
Welcome everyone to NICSA News — our new blog! We’ll give you updates on happenings at NICSA and insights on trends in the investment management industry. We’ll provide recaps of recent NICSA webinars and conference sessions, alert you to upcoming events, let you know about updated information on regulations and best practices produced by our committees and member firms, and give you our take on industry news.

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