GiGCXOs’ CommSafe360™: Empowering Firms to Stay Ahead of Rising Social Media Compliance Risks
The North American Securities Administrators Association's (NASAA) 2024 Enforcement Report recently highlighted a significant uptick in regulatory actions, especially in the realm of social media compliance for investment firms. Enforcement actions related to social media rose by a notable 12% from 2022, reflecting the heightened scrutiny by regulators on firms’ social media practices.
As firms increasingly engage on platforms like Twitter, LinkedIn, and even newer channels, regulatory bodies are paying closer attention to how advisors communicate with clients and the public online. Firms must ensure they meet all compliance guidelines without compromising their social engagement efforts.
This is where GiGCXOs’ CommSafe360™ platform steps in to offer a comprehensive compliance solution. Designed to help broker-dealers and investment advisers navigate the complex compliance landscape, CommSafe360™ provides firms with a centralized platform to monitor, review, and archive all electronic communications—including social media. By incorporating AI-driven review processes and automated alert systems, CommSafe360™ enables firms to proactively address potential compliance issues before they escalate to enforcement actions.
Our platform doesn’t just respond to regulatory needs; it anticipates them. With features that adapt to regulatory changes, such as those revealed in NASAA’s latest report, CommSafe360™ empowers firms to stay ahead in a rapidly evolving digital landscape, fostering safe, compliant, and transparent client communications.
