ADVANCED

Social Media Review Service

The U.S. Securities and Exchange Commission (“SEC”) has become increasingly interested in the use of individual social media accounts and business communications by firms and their employees. According to guidance issued by the SEC, firms using social media should adopt and periodically review the effectiveness of their policies and procedures regarding social media. Cordium’s Social Media Review service proactively monitors risks associated with such social media profiles, content and related communications.

Many Chief Compliance Officers lack the time and/or personnel to effectively manage the oversight of their organizations’ and staff’s social media accounts. Understanding and managing the risks associated with the use of social media is necessary in preventing potential violations of internal firm policies, the Advisers Act and other federal securities laws.  Cordium’s Social Media Review service offers a solution to assist firms in adequately monitoring social media profiles and content.

Service Overview

Cordium’s Social Media Review service offers a solution to assist firms in monitoring social media profiles and content.  The review process is tailored for your business and includes:

  • A team of experienced researchers trained to identify information that may result in business and reputational harm;
  • Consistent approach to searching publicly available social media profiles and content;
  • Prompt reporting of any problematic content;
  • Searches for breaches to a firm’s social media and confidentiality policies;
  • Identification of potential Regulation D general solicitation and general advertising concerns;
  • An independent assessment without bias or complication of individual social media accounts; and
  • Reporting of any relative/adverse web footprints uncovered.

Cordium will review your firm’s policies and procedures surrounding the use of social media and will determine a custom review plan that may include but is not limited to the review of the following:

  • Facebook
  • Twitter
  • LinkedIn
  • Blogs
  • Personal websites
  • Google and other web searches

With our Social Media Review service comes the added benefit of Cordium’s compliance expertise. Our consultants have the knowledge and experience to know what to look for and how to find it.