Wall Street bigwigs face $1.8 billion in fines over texts and WhatsApp messages

Staying connected matters. But sometimes keeping in touch can cost you a lot of money.


Communications and record-keeping probes by the two state agencies found that, between January 2018 and September 2021, bank workers routinely texted or WhatsApp-messaged about business matters with colleagues and clients on their personal devices without properly logging the chats. The phenomenon especially caught on as professionals worked from home during the pandemic.