SEC Marketing Rule Compliant

Marketing Rule & Compliance Guide for RIAs

How the SEC's 2022 Marketing Rule changes marketing for advisors — and how Poseidon designs content so you stay compliant

Since November 2022, any public or semi-public communication you use to promote advisory services — from your website to social posts, emails, testimonials, or awards — may count as an "advertisement" under SEC rules.

That means (a) you must avoid misleading or unsubstantiated claims, (b) you must include proper disclosures if you use testimonials, endorsements, or third-party ratings, and (c) you must keep full records of every message and marketing asset.

Testimonials Now Allowed

With proper disclosures and compliance

Third-Party Ratings

Permitted with methodology disclosure

Endorsements Allowed

Clear disclosures required for compensation

What Changed: What's Allowed vs What's Still Risky

The 2022 Marketing Rule loosened many restrictions — but also created new compliance requirements

You CAN Now (With Guardrails)

Client Testimonials & Endorsements

You can now use client testimonials — as long as you include clear disclosures about compensation, conflicts of interest, and whether the experience is representative.

Third-Party Ratings & Awards

Use ratings from third parties — if rating methodology is reasonable and disclosures are clear.

Performance Information

Share performance or hypothetical performance — but only with full context, net + gross where required, realistic assumptions, and disclosures.

Social Media Marketing

Clear guidance on digital marketing, including LinkedIn posts, tweets, and other social content.

Still Risky / Requires Care

Cherry-Picking Success Stories

Using only best-case stories or "top client wins" without balanced representation.

Overpromising Returns

Guaranteeing results or suggesting unrealistic investment outcomes.

Using Client Data Publicly

Sharing identifying client information publicly violates privacy (Reg S-P concerns).

Personalized Advice in DMs

Sending messages that sound like personalized investment advice without proper disclosures.

No Record Keeping

Failing to retain and archive marketing materials violates books & records obligations.

Key Takeaway: Most Advisors Don't Know the Rules Changed

Many financial advisors still think testimonials are completely banned. They're not — since November 2022, testimonials and endorsements are permitted with proper disclosures. This is a massive opportunity if you know how to use them compliantly.

How Poseidon Stays Compliance-First

We're not just a marketing vendor — we're a compliance-aware, audit-ready partner

Pre-Approved Content Frameworks & Templates

Educational, balanced content with no hyperbole. All templates designed with compliance in mind from day one.

Testimonial & Endorsement Workflows

Built-in disclosure prompts, conflict questionnaires, and "not representative" disclaimers automatically included.

Third-Party Rating Integration

Methodology review and transparent disclosure tags for any third-party ratings or awards.

Balanced Performance Content Support

Risk/context language, net/gross where needed, proper disclosure blocks for any performance claims.

Privacy Protection & Anonymization

No use of real client identifying information unless explicit consent and compliance check completed.

Archiving & Audit Trail

All content — posts, emails, sequences — stored with version history, timestamps, exportable for review or SEC audit.

Compliance-Review Handoff Model

1

We Create

Poseidon delivers compliant-ready content

2

Your CCO Approves

Your compliance officer reviews and signs off

3

We Archive

Everything logged, timestamped, and audit-ready

How to Work With Your CCO / Internal Compliance

A simple workflow that gives advisors confidence and keeps compliance teams happy

1

Poseidon Creates Draft Content

We generate content using pre-approved templates with compliance safeguards built in.

2

Review Pre-Approved Templates

Advisor and CCO review templates with all required disclosures already included.

3

CCO Approves

Your Chief Compliance Officer signs off on content before publication.

4

Poseidon Publishes & Archives

We publish the approved content and automatically archive all assets with timestamps.

5

Periodic Compliance Reviews

Internal reviews and record-keeping maintained according to SEC requirements.

Clear Ownership

Everyone knows who does what

Audit-Ready

Full documentation and archives

Peace of Mind

Sleep well knowing you're compliant

Common Questions & Concerns

What advisors and CCOs ask us most frequently

Yes! Since November 2022, client testimonials are permitted under the SEC Marketing Rule. However, you must include clear disclosures about: (1) whether the person was compensated, (2) any conflicts of interest, (3) whether the experience is representative of all clients, and (4) the relationship to the adviser.

Important Legal Disclaimer

This page is for educational and informational purposes only. Poseidon is not your law firm, compliance department, or legal counsel. The information provided here is not legal advice and should not be relied upon as such.

Every advisory firm has unique compliance requirements based on their registration status, business model, state regulations, and firm-specific policies. Before implementing any marketing strategy or relying on any statements made on this page, you must:

  • Consult with your own legal and compliance counsel
  • Review your firm's compliance manual and policies
  • Obtain approval from your Chief Compliance Officer (CCO)
  • Verify compliance with all applicable federal and state regulations

The SEC Marketing Rule and related regulations are complex and subject to interpretation. What is compliant for one firm may not be compliant for another. Poseidon provides tools and best practices, but ultimate responsibility for compliance rests with you and your firm.

For official guidance, refer to:

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