Oversight of employee communications falling short, case shows (Law360)
FrontLine Compliance
The inability of a large firm to preserve and oversee employee business discussions on personal devices resulted in regulatory fines – and is now serving as a warning for the rest of the industry. The case against JP Morgan Chase & Co. that culminated in a $200 million combined total fine (SEC and CFTC) showed the firm failed to follow it’s record-keeping and communication policies. Since the use of text messaging and phone apps for…
