Three lessons for compliance managers on chat app snafusBy John Crowley
August 14, 2023
Loose talk on WhatsApp can cost your employer millions. A Securities and Exchange Commission investigation into “off-channel” communications has wreaked $289m worth of fines on Wall Street firms.
The 11 banks, which range from giants Wells Fargo and BNP Paribas to boutique firm Houlihan Lokey, admitted that they ...
US broker-dealers were under the spotlight last year for electronic communications record-keeping failures, but they are not the only firms facing regulatory probes. Morgan Stanley grabbed the headlines in February...Read more