Financial Regulator Calls for Crackdown on Facebook, Text Messaging

Jeff Poor
October 27th, 2009 6:30 PM
Recent problems with the financial system could be used as a reason for regulators to have authority policing social networking sites like Facebook and other types of electronic communication like text messaging. If Financial Industry Regulatory Authority (FINRA) CEO Richard Ketchum has his way, that's exactly what will happen. Ketchum appeared on CNBC's Oct. 27 "Closing Bell" in an interview…