Tweets and the SEC
An article in yesterday’s Wall Street Journal focused on corporations use of Twitter and scrutiny of Tweets by the SEC. The article identified the rub between corporate transparency and SEC compliance:
Blogs and tweets can run afoul of Securities and Exchange Commission regulations on corporate communications. But sanitizing such posts risks hurting credibility with online audiences.
Some companies are still hesitant to allow their employees to address investor issues online:
Intel Corp. in May will be among the first companies to allow shareholders to ask questions via the Web and vote online during its annual meeting. But the chip maker avoids blogs and Twitter for investor issues, because it fears violating SEC disclosure rules or inviting public criticism in a company-hosted forum, says Kevin Sellers, vice president of investor relations.
"There’s always going to be a person with an axe to grind," he says. "Do we really want to sponsor that?"
The article goes on to suggest that employers have appropriate social-media policies (as discussed here previously) and use appropriate disclaimers. Ironically, the SEC is now on Twitter.
On a lighter note, below is an instructional video on Facebook manners: