From Bloomberg Law:
Citigroup Inc. joined the list of banks being investigated over employee communications using unauthorized messaging services.
The U.S. Securities and Exchange Commission is probing Citigroup Global Markets Inc. “and other firms regarding compliance with record-keeping obligations for broker-dealers and investment advisers in connection with business-related communications sent over unapproved electronic messaging channels,” the New York-based bank said in a regulatory filing Monday. “CGMI is cooperating with the investigation.”
Firms including Goldman Sachs Group Inc. and HSBC Holdings Plc are being probed by U.S. regulators over staffers’ communications. In December, the SEC and Commodity Futures Trading Commission imposed $200 million in …
Continue reading Citi Is Latest to Be Probed Over Unapproved Messaging Services on Bloomberg Law
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