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SEC Warns of Social Media Schemes After Fraud Case

Regulators are warning the public to be wary of social media sites that could be offering bogus investment schemes. The warning follows civil charges filed by the Securities and Exchange Commission against an Illinois-based investment adviser who tried to sell fraudulent securities through Linkedin.

Privacy Groups Blast Facebook

Facebook is in some hot water after its new privacy settings released last week include default settings that make user information more easily seen. That means users would have to actively seek out and change their privacy settings. Privacy advocates have filed a complaint with the Feds, arguing the changes violate consumer protection law.

Social Media Sells Out and Becomes Social Marketing

Though promotional saturation can be the kiss of death for social media platforms, marketers can't resist them. And whether they want to admit it or not, social media sites need the marketers. This week, two top sites -- LinkedIn and Twitter -- are putting their days of purity in the past and offering new tools that meet the needs of corporate marketing departments.