NEW YORK CITY: Large Wall Street firms agreed to pay $1.8 billion in fines over failures to keep electronic records, such as text messages between employees on personal mobile phones, United States authorities announced on Tuesday.
Barclays, Bank of America, Deutsche Bank and Goldman Sachs were among the firms that agreed to fines over "long-standing failures" to maintain and preserve electronic communications that must be available to regulators in the course of oversight, the Securities and Exchange Commission (SEC) said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.