Federal authorities have announced fines of nearly $100 million against a handful of registered investment advisors and broker-dealers stemming from employees conducting business on unapproved channels like WhatsApp. It’s the latest show of force from regulators looking to ensure that all relevant communications are captured by firms’ record-keeping operations.
The Securities and Exchange Commission announced settlements involving brokers and RIAs, including some dually registered firms and some cases that involved a corporate…
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