Mass. Investment Advisers Quizzed On Their Use Of Social Media
BOSTON (AP) - Massachusetts Secretary of State William Galvin's office has launched a survey to learn more about how investment advisers are using Facebook, Twitter and other social media in their businesses.
WBZ NewsRadio 1030's Doug Cope reports.
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Galvin is the state's chief securities regulator.
As social media becomes more prevalent in business dealings, Galvin says he wants to ensure that registered investment advisers using social media sites are in compliance with all state and federal securities laws.
He says there are uncertainties about how these new types of communication are being used in the marketing and advertising of investments.
The survey is due back June 8.
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