This means that blog readers who work at Wachovia can no longer access the site from their Wachovia workstation.
By that same logic, however, the Wall Street Journal and The New York Times, both of which allow comments on stories, should also no longer be accessible.
That is, in a word, bizarre. Not only is Wachovia an exception on this issue on Wall Street –our blog traffic logs regularly show readers from Goldman Sachs, Merrill Lynch, UBS, etc. come here — but it is a heavy handed way to police behavior. (I personally think it misstates what a mass communication from a brokerage firm or employee is, but that’s my opinion. )
An email from the compliance department to reps telling them not to post blog comments from the office seems less draconian; >
Perhaps FINRA can issue a clarification this . . . ?
Originally published at The Big Picture blog and reproduced here with the author’s permission.