Regulations on data retention restrict the ways in which US asset managers can use social media to interact with clients, according to Abigail Johnson, chairman of Fidelity Investments. The Securities and Exchange Commission (SEC) has also issued a new rule that requires companies to disclose how they handle customer information when selling or trading securities. REUTERS/ Individuals employed by asset managers with the appropriate training should be allowed to use social media with greater freedom, she said.
Regulations on data retention restrict the ways in which US asset managers can use social media to interact with clients, according to Abigail Johnson, chairman of Fidelity Investments. The Securities and Exchange Commission (SEC) has also issued a new rule that requires companies to disclose how they handle customer information when selling or trading securities. Individuals employed by asset managers with the appropriate training should be allowed to use social media with greater freedom, she said.