When a new company is seeking investors, using 140 characters isjust fine with the U.S. Securities and Exchange Commission(SEC).

Last week, the agency's staff, in a ''Compliance and DisclosureInterpretation,'' said a startup can post a Twitter message aboutits stock or debt offering to gauge interest among potentialinvestors.

"It's a brave new world. The way securities have been distributed and sold has never involved a lot of media." --Joe Wallin, Carney Badley SpellmanTheSEC announcement continues the agency's trend of warming up tosocial media, which began two years ago when it approved the use ofposts on Facebook and Twitter to communicate corporateannouncements such as earnings.

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