Digital & Resilience, Governance, News, Regulation & Supervision

Three lessons for compliance managers on chat app snafus

By John Crowley
Image: Getty Images

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 ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Digital & Resilience, Digital Transformation
February 28, 2023

WhatsApp fines: is the regulatory net widening?

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