Daily Archives: January 14, 2022, 12:28 pm

Regulating via Social Media: Deterrence Effects of the SEC’s Use of Twitter by Jinjie Lin — SSRN

This paper presents the ?rst evidence of the e?ect of ?nancial regulators’ social media use on corporate and individual behavior. Using the staggered launch of U.S. Securities and Exchange Commission (SEC) regional o?ces’ Twitter accounts, I ?nd that ?nancial regulators’ presence on social media reduces opportunistic insider trading, customer complaints against investment advisers, and ?nancial misreporting. Additional tests suggest that…

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