US regulators settle with more firms over use of texts and WhatsApp
Reuters
Last week, Reuters also exclusively reported that the SEC had collected thousands of staff messages from more than a dozen major investment companies, escalating the probe and creating new risks for executives in the SEC’s crosshairs. Bloomberg ran the pick up on its front page for more than a day. Two days later, Reuters also broke the news that the SEC was nearing a deal with a raft of financial firms to settle probes into their use of unauthorized communications. The SEC made the announcement 36 hours later. Reuters has dominated coverage of the U.S. Securities and Exchange Commission’s (SEC’S) two-year probe into Wall Street’s use of WhatsApp and other unapproved messaging apps, exclusively reporting that the agency was opening a probe into the misconduct in 2021 and again scooping that the probe had expanded to major investors last year.
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