On Saturday, the Wall Street Journal pointed out that the Social Security trust fund includes trillions in securities, representing past surpluses plus interest.
Executives with itchy Twitter fingers can rest easier after U.S. securities regulators blessed the use of social-media sites to broadcast market-moving corporate news.
WSJ: SEC Says Companies Can Use Social Media to Alert Investors
The Securities and Exchange Commission needs to stop social media as a means of official corporate communication.
They, along with other social media, have been officially deemed by the Securities and Exchange Commission to be acceptable venues for companies to disclose material information to investors.
At the SIFMA securities conference in New York recently, social media experts said companies can see if this is happening by typing their company name into LinkedIn or Facebook to see how many employees are on those sites.
FORBES: Financial Advisors Turn to Tech for Compliant Social Media Activity
That same amount will be credited to the Social Security Trust Fund, in the form of Treasury securities.
At the SIFMA securities conference June 15, two panels on social media and financial services revealed a world of confusion, contradiction, wishful thinking, denial and regulators lagging behind developments.
FORBES: Banks Lag Behind Government When it Comes to Social Media
The Securities and Exchange Commission has authorized the use of social media channels for the disclosure of material, non-public information.
For several years, criminal authorities have wrestled with challenges caused by communication about illicit activities, from securities fraud to drug dealing to terrorism, through messaging tools in social networks, videogame systems and other digital platforms.
"Ever since the South Africa movement, social investing has really blossomed, " says Mark Melcher, director of research for Prudential Securities in Washington.
That risk is all the more prevalent because the Securities and Exchange Commission this month allowed companies to disseminate price-sensitive information on social networks.
WSJ: Current Account: Capital Market Tech Snags Grow Alarmingly Frequent
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
FORBES: YouTube Annuities Videos Lead To Fine And Suspension
Many were stunned last week when the Boston police announced via Twitter that Dzhokhar Tsarnaev was in custody, and earlier this month the Securities and Exchange Commission (SEC) raised eyebrows when it said companies may use social media to release key information as long as they tell investors in advance which platform they will use.
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