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According to an article by Sutherland in Law360,new legislation focused on protecting employee internet privacy rights may open the floodgates for legal backlash for broker-dealer firms all over the nation.

Though PPA (Password Privacy Act of 2012) was drafted with the best of intentions—safeguarding employees against retaliatory backlash and contractual pigeon-holing by employers in the realm of social media—it has unwittingly created a nasty catch-22 for any company bound by the mandates laid out by the Financial Industry Regulatory Authority (FINRA).

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