Banks Fined $549 Million for Using Non-compliant Messaging Apps Like WhatsApp
The Securities and Exchange Commission (SEC) has issued $549 million in fines to banks that used texting apps such as WhatsApp, iMessage and Signal to communicate with clients A number of banking institutions were fined by the SEC, including Wells Fargo, the Bank of Montreal, BNP Paribas and Société Générale. SEC Deputy Director of Enforcement…