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Social Media Compliance Isn't Fun, But It's Necessary

Harvard Business Review

On May 24, 2012, Goldman Sachs did something it had never done in its venerable 143-year history. For highly regulated sectors like finance, social media can be a legal minefield. He was fired shortly thereafter for the offense of "improperly communicating company information through social media.". It tweeted. "We

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Why Our Trust in Banks Hasn’t Been Restored

Harvard Business Review

To address this concern, banks have been hiring an increasing number of compliance officers. For example, JP Morgan has hired an additional 13,000 people in the area of compliance since 2012. Banks might be better served by focusing less on compliance and more on benevolence.