Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Annuities: FINRA Recommendations for Social Networking


“FINRA Issues Guidance to Firms, Brokers on Communications with Public Through Social Networking Web Sites” is the latest news release from the Financial Industry Regulatory Authority (FINRA).  FINRA’s Regulatory Notice 10-06 is a question and answer document meant to provide recommendations to securities firms and brokers regarding social networking sites.  Facebook, LinkedIn, Twitter, blogs and other social networking sites are one of the most popular ways for companies to communicate with the public.  With their soaring popularity, issues arise regarding the credibility of the information being posted.  FINRA’s document stresses how important it is for companies not to mislead clients and to keep good records of their social networking postings.

Whether in the business of annuities, stocks, or another financial product, FINRA wants to ensure that firms and brokers have developed new procedures to handle social networking.  All regulations relating to the industry still need to be followed when using social networking for marketing and other communications.  There are actually technology systems being developed to help companies keep records and maintain accountability with social networking.  FINRA developed this document through their own research and experience along with a Social Networking Task Force representing 14 different firms.

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).