CLIENT ALERT - SEC Guidance Clarifies Application of Testimonial Rule to Social Media
Newly-released guidance from the U.S. Securities and Exchange Commission may grant investment advisers more freedom to use social media as part of their marketing programs. To read more about how the SEC views public comments about an investment adviser that are posted on social media websites, and how the adviser can make use of such comments in its marketing without violating the “Testimonial Rule” (known more formally as Rule 206(4)-1(a)(1) under the Investment Advisers Act of 1940), please click here.
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