InstructorKate Chatterson
TypeOnline Course
PriceFree
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Tuition Options

myUniversity™

PracticeEdge Elite™

Standard Tuition $400 US

Senior Fellow Heather Traeger, JD, Chief Compliance Officer & Compliance Counsel, Teachers Retirement System of Texas


Use of social media has become common practice among advisers and their employees. Moreover, millions of potential investors and clients use social media platforms to obtain information about companies and trends, including investments and investment advisers.

By using social networking services, investment advisers can manage their brand, publicly demonstrate knowledge of market sectors, and recruit top new talent. To be successful, however, an adviser must navigate the various applicable regulatory regimes

 This Course will discuss the following:

  • How advertising rules under the Investment Advisers Act of 1940 limit uses of particular social networking forums, such as LinkedIn and Twitter;
  • Guidance issued by the SEC staff and insights from recent SEC enforcement cases;
  • Regulatory considerations beyond the Advisers Act with respect to social networking communications, including Regulation D and CFTC exemptions; and
  • The potential privacy issues related to social media, including the risks of discoverability in litigation, increased vulnerability to malware and other intrusions, and the potential inadvertent disclosure of sensitive information.

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LEARNING OBJECTIVES

FACULTY

CREDIT INFO

ACCREDITATION

Students shall learn the following within this Course:

  • Identify regulatory considerations for investment advisers using social media
  • Evaluate business risks associated with social media
  • Apply Rule 206(4)-1 of the Investment Advisers Act, the Advertising Rule, to electronic communications made via social media
  • Differentiate between SEC and FINRA rules related to electronic communications and social media
  • Develop framework for social media policies and procedures and compliance

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Senior Fellow:

Heather Traeger, JD, Chief Compliance Officer & Compliance Counsel, Teachers Retirement System of Texas

Guest Lecturers:

Catherine Courtney Gordon, JD, Senior Counsel, SEC
Steven Yadegari, JD, Executive Vice President & General Counsel, Cramer Rosenthal McGlynn
John Roth, JD, General Counsel & Chief Compliance Officer, Venor

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Accreditation Information

CLE Information

Credit Hours: 2
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 3
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information

 

Course ID Number:  8551

 

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Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

Arizona: Does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

New Hamphsire: The approval is for three years from recorded date.

New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

Tennessee: The approval is for the calendar year in which the live program was presented.

Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

If applicable, the RCA will apply for credit in your state upon request.