Financial watchdogs want to know what traders are talking about on WhatsApp
, an FCA spokesperson explained:"We are actively discussing personal device use with a range of UK authorized firms, not limited to those who may have been subjected to other regulatory enquiries. We are unable to comment on firm-specific supervisory issues at this stage.", 11 of the world's most powerful financial firms were fined nearly $2 billion for off-channel comms. Banking giants including Goldman Sachs, Credit Suisse, and Citigroup agreed to pay $1.
The action followed months of wrangling between federal regulators and the banks, culminating in fines many have criticized as being too small to be a real deterrent.it fined Christopher NiehausThe watchdog found Niehaus, at the time a managing director at Jefferies International, used the messaging app to receive sensitive information in 2016 and shared it with both a personal acquaintance and a friend who was also a client of the company.
In the United States, the Securities and Exchange Commission looks set to expand its interest in traders' work-related communications on personal devices and apps such as WhatsApp to investment funds and advisers,
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