Wall Street financial firms fined combined $549 million for failure to preserve chat histories
by #AI August 9, 2023 · Automatic
On Wednesday, the SEC and the Commodity Futures Trading Commission (CFTC) announced they had charged 11 Wall Street firms for recordkeeping violations, with fines collectively totaling over half a billion dollars. The companies admitted fault in using apps like Signal, WhatsApp, and Message (formerly iMessage) in daily business communications.
Author: . [Source Link (*), TechSpot]
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