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Morgan Stanley bankers fined $1m over use of messaging platforms
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Bankers at Morgan Stanley have been slapped with fines of more than $1m for breaching compliance rules by using WhatsApp and other messaging platforms to communicate official business.
The fines follow a major breach in 2020 when two senior employees in the bank’s commodity division were fired over using personal messaging systems, which triggered a $200m fine in 2022 for Morgan Stanley.
The...
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