“On July 15, 2020, a 17-year old hacker and his accomplices breached Twitter’s network and seized control of dozens of Twitter accounts assigned to high-profile users,” a recent report from the New York State Department of Financial Services specifies. That widely publicized hack also exposed private information about both regulated cryptocurrency firms and public figures… Read More >>
A Strange Twist in the Twitter Fraud Case
The fascinating story about James Alan Craig, the man who lives in Scotland and is facing serious criminal and securities fraud charges in an alleged scheme involving Twitter accounts and damaging messages has a strange twist to it. As our story states, Craig has said via a Scottish newspaper that he has not yet received… Read More >>
Time to Ramp Up Social Media Risk Management?
Financial services firms may want to up their social media compliance training say industry experts reacting to the news that a federal grand jury in San Francisco and the SEC are charging James Alan Craig, who lives in Scotland, with securities fraud via an alleged scheme involving Twitter accounts and damaging messages. In fact, to… Read More >>
Hearsay Unveils Apps for Surveillance Suite
Social media compliance vendor Hearsay Social has unveiled new mobile applications for iPhone and Android that will link clients to Hearsay’s Predictive Social Suite, according to a company statement. Hearsay is a privately held, San Francisco-based provider of software-as-a-service predictive technologies that enable financial advisors and insurance agents to “identify opportunities” and “engage with their… Read More >>
ProEquities Taps Smarsh for Social Media Compliance
Smarsh, a provider of hosted archiving solutions for compliance and e-discovery, reports that it has been selected by ProEquities, a broker-dealer for independent registered representatives and financial advisors, to provide it with LinkedIn, Facebook, Twitter and email archiving services. The services will enable ProEquities to meet the needs of its advisors and its IT and… Read More >>
Tweets, Lies and Corporate Actions
On Tuesday, April 23, a fake Twitter tweet via the Associated Press about the bombing of the White House sent the Dow crashing by 143 points for two minutes. A hacker who broke into the AP was responsible and the AP quickly addressed the issue. However, by then, $134 billion worth of stocks had been… Read More >>
Is Facebook Your New Corporate Actions Data Provider?
Could social media sites become major conduits for corporate actions notifications? I’m asking this in the wake of the SEC clearing the way for public companies to use social network sites such as Facebook and Twitter for key announcements. Earlier this week, the SEC declared that social media sites are equivalent to corporate websites as… Read More >>
