---
title: SEC Charges Investment Adviser in Social Media Scam - Issues Two Alerts Regarding Risks to Adviser Firms and Investors
date: 2012-01-17T00:00:00-05:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/client-advisories/sec-charges-investment-adviser-in-social-media-scam-issues-two-alerts-regarding-risks-to-adviser-firms-and-investors"
section: Client Advisories
---
# SEC Charges Investment Adviser in Social Media Scam - Issues Two Alerts Regarding Risks to Adviser Firms and Investors

 January 17, 2012

Kelley Drye Client Advisory

 

 

 

 

 

 

Kelley Drye’s Broker-Dealer Practice Group has prepared a client advisory which provides guidance on a National Examination Risk Alert recently published by the SEC concerning investment adviser use of social media. The advisory also discusses recent charges brought by the SEC against an Illinois-based investment adviser for the alleged sale of more than $500 billion in fictitious securities through various social media web sites such as LinkedIn.

 

 

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