The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.
December 3, 2022The SEC's probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
October 14, 2022The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
October 12, 2022The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.
September 29, 2022US regulators are expected to announce penalties in the coming weeks over the use of unauthorised messaging apps for business communications.
August 3, 2022