Advisors jumping onto Threads could create compliance headaches>

This article discusses how financial advisors are increasingly using the messaging app “Threads” to communicate with their clients. While Threads offers a variety of features and has a potentially advantageous use, financial regulators have increasingly raised concerns about its compliance with SEC regulations. They are concerned that Threads does not comply with certain record-keeping requirements, including the ability to identify who reads critical documents, as well as the fact that messages and documents may not be backed up and archived indefinitely. The article highlights the need for advisors to prioritize compliance when using new technologies such as Threads.
Link: https://www.investmentnews.com/advisors-jumping-onto-threads-could-create-compliance-headaches-239603