RIA Central Digests for 05/31/2012

The SRO debate is heating up again as a watchdog group expresses its opposition to Rep. Spencer Bachus’ bill to create an SRO to oversee advisors. See the AdvisorOne article below. And, make sure you take a close look at the list of social media do’s and don’ts in the On Wall Street story below. Regulatory compliance is critical when it comes to communicating with clients via social media.

 

Bachus’ SRO Bill Blasted by Government Watchdog
By Melanie Waddell
Source: AdvisorOne

 

The Project on Government Oversight, a nonpartisan independent watchdog, told House Financial Services Chairman Rep. Spencer Bachus, R-Ala., and the ranking Democrat, Barney Frank, in a recent letter that it opposes Bachus’ bill to create a self-regulatory organization (SRO) to oversee advisors, H.R. 4624.

 

Read the rest of the story…

 

Social Media Primer: Do’s and Don’ts For Advisors
By Tom Steinert-Threlkeld
Source: On Wall Street

 

When it comes to financial planning advice in the social media arena, less is almost always more. Here’s what wealth managers need to do (and not do) to service their clients while staying within the regulatory boundaries.

 

Read the rest of the story…

 

 

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