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Socialware Offers Corporate Financial Services Research

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Posted June 24, 2010 By -     Feedback

New findings suggest financial services companies are in violation of FINRA's guidelines on social media without knowing it.

Socialware, a leader in enabling the social enterprise through the use of public social networking site has announced new findings from financial advisers across North America on their use of social media and the compliance issues.

"While social media is clearly an important business tool for the sector it's also a compliance concern. Socialware's survey showed that 32% of respondents did not have any social media policy in place to guide their actions online, a direct violation of FINRA's recent guidance. For those companies that do have a social media policy, only 57% of employees are aware it exists. Even more concerning is the fact that nearly 4 out of 10 respondents who use social media for business are using Facebook, LinkedIn or Twitter in direct violation of their companies' policies on social media usage."

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Read the Full News Release and Research Highlights at PR-News

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