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.
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:
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:
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.