Fines tied to unauthorized communications on Wall Street have topped $2.5 billion, and that’s probably not the last of it. Filings and media reports show that regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp, personal texts and email to conduct business. The list includes some of the biggest names in asset management, private equity and hedge funds, as well as smaller banks, beyond the Big 6 that have already reached settlements. Who’s on Notice Company Source Agency Focus Apollo Global Management Inc. 10-Q SEC Electronic messaging channels BlackRock Inc. 10-Q SEC Record retention requirements Blackstone Inc. 10-Q SEC Retention of electronic business communications Carlyle Group Inc. 10-Q SEC WhatsApp, WeChat and similar applications Citadel BN SEC Unapproved channels Fifth Third Bancorp 10-Q SEC, CFTC Settlement talks underway Interactive Brokers Group Inc. 10-Q SEC, CFTC Records preservation requirements Invesco Ltd. 10-Q SEC Investment advisers Jones Financial Cos. 10-Q SEC Unapproved devices, platforms KeyCorp 10-Q SEC, CFTC Broker-dealer, investment advisers KKR & Co. 10-Q SEC Business-related electronic communications LPL Financial Holdings Inc. 10-Q SEC Personal devices and
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Wall Street girds for what's next in WhatsApp probe – InvestmentNews
