Several major US banks, including Wells Fargo, have been ordered to pay $549 million in fines for their employees’ messaging on WhatsApp and iMessage. This has been reported Web site US Security and Exchange Commission.
The decision was made after representatives of financial institutions admitted that they could not receive correspondence about the company’s activities from popular messaging applications.
According to the commission, we are talking about applications used on smartphones of both ordinary employees and high-level officials.
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission motivated the penalties, saying companies did not keep records of off-duty correspondence.
The majority of the fines go to Wells Fargo. The bank will pay $125 million in securities fees and $75 million in commodity futures fees.
This is not the first case in the banking industry. American bank Morgan Stanley in January issuance Millions of fines for employees who use WhatsApp for business correspondence.
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