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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach (www.cnbc.com)

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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

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[-] Reborn2966@feddit.it 7 points 1 year ago

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[-] Deiv@lemmy.ca 22 points 1 year ago

U.S. regulators on Tuesday announced a combined $549 million in penalties against Wall Street firms that failed to maintain electronic records of employee communications.

The Securities and Exchange Commission announced charges against 11 firms for “widespread and longstanding failures” to maintain records, including by allowing employees to use unsupervised side channels such as messaging apps WhatsApp and Signal, the regulator said.

Wells Fargo was the biggest U.S. bank cited Tuesday in the sweeping actions.

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[-] LilPappyWigwam@lemm.ee 12 points 1 year ago

Good nonbot

[-] Disgusted_Tadpole@lemmy.ml 3 points 1 year ago

Exsúrgat Deus et dissipéntur inimíci ejus: et fúgiant qui odérunt eum a fácie ejus. Sicut déficit fumus defíciant; sicut fluit cera a fácie ígnis, sic péreant peccatóres a fácie Dei. Júdica Dómine nocéntes me; expúgna impugnántes me. Confundántur et revereántur quaeréntes ánimam meam. Avertántur retrórsum et confundántur, cogitántes míhi mála.

this post was submitted on 08 Aug 2023

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