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On April 25, 2017, the Financial Industry Regulatory Authority, Inc. (FINRA) released a Regulatory Notice titled Social Media and Digital Communications: Guidance on Social Networking Websites and Business Communications [1] (the Notice) that is intended to provide further guidance regarding the application of the FINRA rules governing communications with the public to FINRA member firms use of social media sites.

In discussing its reasons for issuing the Notice, FINRA notes that in connection with its retrospective review of the communications rules, [2] industry participants had suggested additional guidance was necessary with respect to the application of the communications rules to social media sites. Moreover, FINRA also comments on the general increased use among adults of social media sites and the frequency of social media and other sites to facilitate the use of native advertising, [3] which has resulted in member firms increasingly raising questions regarding the application of FINRA rules to the use of social media and other forms of digital communications.

The Notice summarizes previously existing FINRA guidance related to member firms social media usage in the following areas:

In a question and answer format, the Notice then provides guidance on a number of topics. We have summarized the guidance on certain topics below:

The Notice also clarifies that a member firm may use native advertising under certain conditions as long as it complies with FINRA Rule 2210. It also provides guidance regarding correcting third-party content without adopting the content and the requirements for BrokerCheck references and links when using social media.

In conclusion, the Notice highlights FINRAs interest in addressing industry concerns related to the increased use of social media sites and other digital communications by its member firms. We note, however, that uncertainties remain and we hope to see additional guidance on this topic in the future. FINRA member firms should consider reviewing their policies and procedures in light of the guidance contained in the Notice.

Notes: [1] FINRA, Regulatory Notice 17-18, Social Media and Digital Communications: Guidance on Social Networking Websites and Business Communications (April 2017), http://www.finra.org/sites/default/files/notice_doc_file_ref/Regulatory-Notice-17-18.pdf.

[2] FINRA, Retrospective Rule Review Report (December 2014), https://www.finra.org/file/retrospective-rule-review-report-communications-public.

[3] The Notice defines native advertising as advertising content that matches the form and function of the platform on which it appears.

[4] FINRA Regulatory Notice 10-06, Social Media Web Sites: Guidance on Blogs and Social Networking Web Sites (January 2006), http://www.finra.org/sites/default/files/NoticeDocument/p120779.pdf.

[5] FINRA Regulatory Notice 11-39, Social Media Websites and the Use of Personal Devices for Business Communications: Guidance on Social Networking Websites and Business Communications (August 2011), http://www.finra.org/sites/default/files/NoticeDocument/p124186.pdf.

[6] FINRA Rule 2210 is the primary advertising regulation which governs broker dealers' communications with the public, including communications with retail and institutional investors. Rule 2210 outlines standards for the content, approval, recordkeeping, and filing of communications with FINRA, http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=10648.

[7] The Notice defines ongoing as (1) the link is continuously available to investors who visit the member firms site; (2) investors have access to the linked site whether or not it contains favorable material about the member firm; and (3) the linked site could be updated or changed by the independent third party and investors would nonetheless be able to use the link.

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Social Media Update: FINRA Releases Additional Guidance on Social Networking Websites and Business ... - JD Supra (press release)

Excelsior Correspondent

Srinagar, May 8: High Court today sought response from the authorities by next week on banning the social media including websites and messaging application recently. Justice Ramalingam Sudhakar sought response in a petition filed by one Raja Faisal Malik through his advocate Salen Peerzada challenging the order passed by Home Department banning therein the transmission of messages through various social networking sites and instant messaging services. State Counsel B A Dar (AAG) asked for copy of petition so that he could respond the contentions raised in the petition and court directed him to file the same by next week. Government prohibited all Internet Service Providers from transmitting any message or class of messages from any person or class of persons through numerous social networking sites for a period of one month from the date of the order. Government invoked Sub-Section 2 of Section 5 of the Indian Telegraph Act 1885 read with Indian Telegraph (Amendment) Rules 2007 for passing the prohibitory order. By virtue of the order impu-gned, the State Government has curtailed access to numerous social networking sites including Facebook, Twitter etc. Petitioner advocate while arguing the matter submitted that the access to internet is a fundamental right of the petitioner. The impugned order, advocate Saleh said, imposes unreasonable restrictions based on unjustifiable reasons that are devoid of any legal sustenance. The curtailment of access to internet by the state is tantamount to infringement of freedom of speech and expression and basic human right. The reason as provided in the impugned order being inadequate and vague cannot circumvent the guarantees of the constitution and cannot qualify the tests of Article 19 of the constitution, reads the petition.

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HC seeks response from Govt on social networking sites ban - Daily Excelsior

Daniel DeSouza wants to create a social network platform uniquely focused on Caribbean people. (Picture by Ricardo Leacock.)

ALL DANIEL DESOUZA needs is some funding and he will be ready to revolutionise social networking for the Caribbean.

DeSouza has his sights set on creating the first truly unique social network geared to Caribbean people. It is called Cariblime, and while it is ready right now for signing up, it is still quite short of DeSouzas vision.

Cariblime is a social media network specifically for Caribbean people designed to connect the Caribbean in a platform unique to us. I was on Facebook one day and read a comment saying how it was sending your private information to overseas interests and they didnt like that.

So I started thinking. What can I do to fix that? Then it hit me. Why not have our own social network? America has its own network, so does China so why not the Caribbean? I did some searching and found out there was no such network, so I started one, he said.

DeSouza, a trained graphic artist/web designer, said there was a world of possibilities but it all hinged on whether he could get the appropriate backing.

So far everything is coming out of my pocket. Ive been reaching out to corporate Barbados for funding as this has the opportunity to earn foreign exchange by selling ads. It has earned interest from the Barbados Chamber of Commerce and Industry and the Barbados Investment and Development Corporation, though no funding thus far.

I need to hire coders and get to brainstorming right now I am on my own. I am very confident; I honestly believe I am on the right path and that Cariblime can be a success I just need the funding. I dont want it to be a case where a foreign entity sees what Im trying to do and puts something together faster, he said.

DeSouza did not want to fully reveal his idea as yet but did speak of some of the ways the site could be useful to Caribbean people.

We have a unique opportunity to bring something never seen before, an opportunity to see things differently and solve problems never even thought of. Whats different is we will be implementing new features which reflect us such as unique emojis. We say things in our own language so we have the opportunity to bring on a much more expressive and interactive platform for Caribbean people.

There is a place for businesses as well. The world looks to the Caribbean as a vacation spot, but the world needs to see us as more than sea and sun but as a business place as well, so I also plan to put in a business section where businesses can place their logos and link back to their websites, he said.

In addition, DeSouza said there could be a dating site as part of Cariblime and a mobile app. In the meantime he said he was seeking a proper hosting plan to enable the faster loading of videos on the site.

As a programmer, DeSouza said one of his pet peeves was the lack of visionary employment available for those with those skills. He said it was more profitable in Barbados to try your hand making craft than creating unique online content.

Cariblime was launched April 14 and has more than 50 members so far. DeSouza said the feedback so far had been positive. Anyone interested in signing up can go to https://www.cariblime.net.

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Social network plan for Caribbean - Nation News

New Delhi :

After creating a buzz in the world of social networking sites since its lauch in the year 2004 Facebook CEO Mark Zuckerberg is all set to release a line up of television kind shows by June 2017.

According to media report these videos will be of 5-10 minutes length and similar to that of traditional television entertainment.

The company is gearing up to launch two dozen television like shows through this social networking giant.

The company is coming up such a latest trend of technology in order to rull and controll the platforms like media, shows and the small screen entertainment.

Moreover, it is worthy to mention that in last year December Zuckerberg has given hints of his future plan of making facebook a media company.

According to Zuckerberg's 2014 prediction Facebook would be mostly videos within next few years and with this new plan it seems like he is getting closer to make this dream a reality.

After Netflix, Amazon and Hulu created a niche in the world of entertainment, world's largest social networking site is all set to introduce a all new attractive way of enjoying movies while chatting with your near and dear ones.

First Published: Monday, May 08, 2017 10:16 AM

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'Social Networking King' Facebook to rule the world of Television from June 2017 - News Nation

The Hinduja family has acquired a stake in UACTIV.com, a social networking and discovery platform for sports and fitness enthusiasts.

Hindujas took the stake in December as the lead investor in the startup's first seed round funding, UACTIV co-founder Atish Chhabria told ET. While they do not intervene in management-related matters, they do provide the startup with their mentorship, Chhabria said.

UACTIV declined to reveal the money that the Hindujas invested and the stake they picked up. Of the money raised, Chhabria said, half would go into strengthening technology at UACTIV , while 30% would be spent in marketing and the rest towards operational expenses.

UACTIV , launched in September 2016 by Chhabria and Bhavik Mehta, is a mobile app that facilitates meet-ups between users for games, events, classes, and other fitness activities organised by professionals, studios and communities.

It has partnered with health and wellness brands like RAW Pressery, AZANI, LiveYourSport and Dr Vaidya's and organises three to four open-to-all sport and fitness events every month. The startup had bootstrapped itself with funds of Rs 20 lakh till December before the Hindujas made the investment. It is looking hold the next round of funding in the next three months.

The app is currently active in Mumbai and has around 3,000 users. UACTIV is looking at expanding to places like New Delhi, Gurugram and Pune, and will consider testing the response in Hyderabad and Chennai.

The Hinduja group, that owns companies like Ashok Leyland and IndusInd Bank, is known to be a family group rooted in Indian tradition, but lately, it has been actively investing in new-age business ideas. Last year, the family was the lead investor in Swiss virtual reality startup Mindmaze.

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Hinduja family becomes the lead investor in social network UACTIV - ETtech.com