Cordium's Barile Discusses the Company's New Social Media Monitoring Service

Firms' confidentiality policies need to adapt to the changes in social media and technology.

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Employees should have a clear distinction between the private and public information they are sharing on the Internet.

As technology advances, the forms of communication used on social media are becoming more advanced as well. Firms and financial advisors can provide misleading investment advice or even communicate insider trading tips on social media. Cordium's social media review service, launched recently, aims to monitor and mitigate the risks associated with firms' and employees' use of these outlets.

Cordium has historically offered social media reviews as part of a broader compliance consulting program, b