Wall Street banks hire WhatsApp cops after being hit with big fines
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
A U.S. investigation into unauthorized texting on Wall Street is forcing many of the world’s biggest banks to create a new compliance role: the WhatsApp cop.
Firms can blame the bosses who broke the rules.
As regulators punished 11 Wall Street banks Tuesday for failing to stop staff from usi
Learn more about reprints and licensing for this article.
