SEC says funds need not report all social media postings

(Reuters) - Mutual funds regulators are suffering from Twitter overload. Many funds companies, which are required to file advertising and promotional materials for regulatory review, have also been sending over all of their posts on Facebook, Twitter and other social media networks. But on Friday, the Securities and Exchange Commission moved to end the deluge, issuing guidelines that almost all social media posts did not need to be filed with Financial Industry Regulatory Authority, which conducts the reviews. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/sec-says-funds-not-report-social-media-postings-185021441--sector.html