SEC watchdogs handed out $390 million in fines to 26 investment firms across Wall Street in the latest crackdown on the unauthorized use of text and WhatsApp messages.
handed out $390 million in fines on Thursday to 26 investment firms across Wall Street in the latest crackdown on the unauthorized use of text and WhatsApp messages.
Federal law bans investors from carrying out business on their personal devices because such records are not monitored, making it harder to guard against fraud. A wider crackdown against the use of WhatsApp, Signal and Apple messages began in 2021, engulfing JP Morgan, Goldman Sachs and Morgan Stanley andEach of the companies have handed “cease and desist” diktats warning them not to break the rules again.
Bank Of New York Mellon Sec Whatsapp
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