Bank of America’s shot at Henry Blodget is a measure of how influential the blogosphere has now become in the financial markets. It’s also a reminder of the pitfalls of taking on critics publicly in any forum. For every company that has seen its stock price plummet, the scene within BofA is a familiar one: […]
It’s hard to know if Standard & Poor’s believed its Friday-night downgrade of the US credit rating was a routine action or something unusual. After all, the agency had warned about the risks of a downgrade, and many in the market believed it was possible, if not likely. And it announced the decision in the […]
Here are some quick observations on social media compliance issues for financial services firms, following a workshop I attended yesterday at BDI. There were great insights and lively discussions. First, adoption of social media by financial services firms is still in its early stages, but it’s growing. Since FINRA issued regulatory guidance in January 2010, […]