Brokers Free to Tweet

The Financial Industry Regulatory Authority Inc. (FINRA) has backed away from a proposal that would have required broker-dealers to file social-media postings with the regulator.

In an update to a package of proposed communications rules filed with the Securities and Exchange Commission last week, Finra said that in response to comments, it would exclude messages on online interactive forums from a post-use filing requirement. (Tweet away: Finra backs off social-media posting regs, Investment News, 12/30/2011)

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