Co-authored by: Jonathan Nowakowski Recognizing the reality that many investors likely get more information from Facebook and Twitter than a corporate 10-K and that most public companies have a robust social media presence, the U.S. Securities and Exchange Commission (“SEC”) recently weighed in on the use of social media by public companies to disclose material … Continue Reading
The Federal Financial Institutions Examination Council (FFIEC) released for comment on January 17 its proposed Social Media: Consumer Compliance Risk Management Guidance. There is a 60-day comment period. The purpose of the guidance is to help banks, savings associations, credit unions, and non-bank entities supervised by the Consumer Financial Protection Bureau (CFPB) understand and address … Continue Reading
Give Facebook credit for candor. Facebook does not call the policy describing what it does with your personal information a “privacy policy”, but rather a “Data Use Policy”. The nomenclature is appropriate. The Facebook Data Use Policy is not so much about protecting the privacy of the information you share on Facebook as it is … Continue Reading
Co-authored by: Cory Fox Recently, the Federation of State Medical Boards (“the Federation”) released its Model Policy Guidelines for the Appropriate Use of Social Media and Social Networking in Medical Practice (“Guidelines”). The Guidelines are intended to address how physicians can utilize social media to facilitate patient care while still maintaining the privacy and confidentiality … Continue Reading
Authorship Credit: Tarsha Luke The recent termination of a top executive of a publicly traded company is another example of some of the perils of mixing personal and workplace social media. The chief financial officer for a women’s clothing retailer, Francesca’s Holdings, was dismissed for disseminating non-public corporate information to his Twitter followers. After a … Continue Reading