It has become a habit to use them, everywhere. Abuse it too. Instant messaging has changed our lives radically. In many cases a real turning point, in others they are harbingers of very high fines.
Specifically whatsapp, The world’s number one instant messenger, which thanks to a screaming 2022 with many features, is overlooking the rise of some truly revolutionary (see in-app shopping, read avatars) Telegram.
Yet precisely the application is able to make you smile Mark Zuckerberg nell’annus terrible di meta, It was an (indirect) means of reaching a sensational end: a fine of 1.1 million.
Sixteen creditors in trouble
The SEC is investigating WhatsApp And other private messengers have been around for a long time, especially with their use in businesses including banks and the stock market. There is no prior control over the internal communication that happens with the world’s number one messaging service.
In this way the bank employees may voluntarily or involuntarily share or even delete important information. The investigation thus reached a turning point: 16 credit institutions, American and European, were fined for illegally using messaging services. WhatsApp, of course, is first and foremost.
Goldman Sachs, City Group And other financial giants have agreed to pay regulators $1.1 billion in fines for first and foremost failing to monitor employees using unauthorized messaging apps. WhatsApp According to a press release from securities And Exchange Commission.
Bank of America e Morgan Stanley They are among other companies, 16 in total, that have reached an agreement with the SEC, as confirmed by the release. The SEC said it found “extensive” off-channel communication, including incidents reported by employees often talking about “business matters” through messages on personal devices.
According to a report Bloomberg, Financial institutions must closely monitor employee communications to prevent inappropriate behavior. And don’t incur another million and million dollar fines.
The system has already been challenged by the creation of mobile messaging software such as WhatsApp, which escalated when workers were sent home in 2020 during the coronavirus pandemic.
Eight companies with five affiliates were fined 125 million dollars each: Barclays Capital Inc.; BofA Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Inc.; Citigroup Global Markets Inc.; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc. DWS Distributors Inc. and DWS Investment Management Americas, Inc.; Goldman Sachs & Co. LLC; Morgan Stanley & Co. LLC together with Morgan Stanley Smith Barney LLC; UBS Securities LLC is a UBS Financial Services Inc.
Two companies will pay $50 million each: Jefferies LLC; And Nomura Securities International, Inc. Cantor Fitzgerald & Co. He had to pay a fine of 10 million dollars.
