US regulators on Tuesday fined nine Wall Street companies, including Wells Fargo, BNP Paribas and Société Générale $549 million over employees’ use of personal messaging apps to discuss deals, trades and other business. The penalties mark the latest wave of a sweeping two-year enforcement probe targeting Wall Street’s use of so-called “off channel” work communications...
US regulators fine Wall Street firms $549 million in latest texting probe
New York Post - 9 Aug 2023 01:14
US regulators on Tuesday fined nine Wall Street companies, including Wells Fargo, BNP Paribas and Société Générale $549 million over employees’ use of personal messaging apps to discuss deals, trades and other business. The penalties mark the latest wave of a sweeping two-year enforcement probe targeting Wall Street’s use of so-called “off channel” work communications...
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