Employees high and low on Wall St. used unapproved messaging apps for business. Now their employers are being fined a collective $555 million for violating record-keeping rules.
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https://www.wsj.com/articles/wells-fargo-bnp-paribas-others-to-pay-555-million-in-fines-for-use-of-messaging-apps-e91c8a15Several Wall Street firms admitted employees used WhatsApp and iMessage for business communications in violation of record-keeping rules, as U.S. market regulators continue an industrywide sweepWells Fargo agreed to pay about $125 million in fines to the SEC and $75 million to the CFTC.
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