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whoopsies or should I say WhatsAppsies
At JPMorgan, the practice of going offline to communicate was firm-wide, and even the managers and senior personnel responsible for compliance used their personal devices to communicate sensitive business matters, the SEC said.
It's pretty much common practice from what I've seen as well, companies will take things "offline" that they deem too sensitive or controversial for email / chat. Guessing they'll have to pick up the phone and talk now instead of putting anything in writing.
Regardless, it's a complete slap on the wrist, at $120B in revenue this is roughly a .1% fine.
@pizzadude wrote:
At JPMorgan, the practice of going offline to communicate was firm-wide, and even the managers and senior personnel responsible for compliance used their personal devices to communicate sensitive business matters, the SEC said.
It's pretty much common practice from what I've seen as well, companies will take things "offline" that they deem too sensitive or controversial for email / chat. Guessing they'll have to pick up the phone and talk now instead of putting anything in writing.
Regardless, it's a complete slap on the wrist, at $120B in revenue this is roughly a .1% fine.
Why does the movie Wolf of Wall Street come to mind now?