Advertising and Social Media

Fund boards are not subject to specific regulatory responsibilities regarding fund marketing by a fund adviser or distributor, but they may receive periodic reports about it. Fund advertising and marketing are subject to rules set by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Fund advisers and distributors may use social media in connection with advertising and marketing, subject to SEC and FINRA guidance.

IDC’s memos inform directors about important regulatory, legislative, and judicial developments. IDC also comments on proposals that could affect board responsibilities or shareholder interests. See below for recent comment letters and memos on selected topics.