Barron's Logo

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/advisor/articles/wells-fargo-bnp-paribas-sec-cftc-whatsapp-d42dfd5a

Wells Fargo, Other Firms Hit With $549 Million in Fines for Failing to Preserve Electronic Messages

By
Andrew Welsch
  • Print
  • Reprints
Text
  1. Small
  2. Medium
  3. Large

A group of brokerage firms, including units of Wells Fargo, will pay more than $549 million to settle charges they failed to properly preserve electronic communications, the Securities and Exchange Commission and Commodity Futures Trading Commission said Thursday. 

The penalties are the latest example of regulators cracking down on lax recordkeeping related to and Wall Street employees’ use of messaging apps, such as WhatsApp and Signal, to do business. 

In...

Barron’s Advisor

Read More

Welcome to Barron’s Advisor! Our articles are free to Barron’s subscribers and wealth management professionals. To subscribe to Barron’s, click here. If you’re a wealth management professional and would like access to the Barron's Advisor experience, please provide the information below. All fields are required. If you’re not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editors@barrons.com

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.