# Professor Vasant Dhar discusses how the regulation of financial services could be modified for social media platforms

1 Faculty News March 26, 2018 ![Yahoo Finance logo](/sites/default/files/styles/246w/public/assets/images/yahoofinance.jpg?itok=iQnyXkp_)>

Excerpt from [Yahoo Finance](https://finance.yahoo.com/news/stocks-soar-trade-optimism-193111818.html) -- "I think that the financial industry provides a good background for how to think about this. In December I proposed that we think in terms of some sort of KYC \[know your customer\] laws for social media platforms like we have for financial institutions. And that is some sort of a safeguard so that they know who is paying them, so that would be a good start. But more recently I made the case that that really doesn't go far enough..."

[Watch the video](https://finance.yahoo.com/news/stocks-soar-trade-optimism-193111818.html)