WebJul 7, 2024 · FINRA clarified in Regulatory Notice 17-18 that financial firms must retain records of communications related to its business that are made through text messaging apps and chat services such as “WhatsApp.” WebJul 8, 2024 · A crackdown on clandestine messaging by traders and dealmakers on Wall Street appears to coincide with a string of WhatsApp enforcement actions in the brokerage industry from the Financial Industry Regulatory Authority. Finra this year alone has sought sanctions three times–against a brokerage, and two brokers at separate firms–because …
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WebJun 28, 2024 · In an action this month, Finra censured and imposed a $50,000 fine on InSight Securities, a Highland Park, Illinois dual registered broker-dealer, based on allegations that its brokers had used... WebNov 15, 2024 · As such, many financial services organizations have begun to understand the importance of archiving WhatsApp messages as part of compliance with the business text message archiving requirements of Financial Industry Regulation Authority (FINRA) and Securities and Exchange Commission. restrict file copying but allow reading
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WebOct 16, 2024 · By Melanie Waddell. Brokers’ impermissible use of texting, messaging or using social media apps like Facebook, WhatsApp and WeChat to communicate with clients topped recent exam findings in the ... WebJun 12, 2013 · Social Media may be a new medium, but FINRA's rules on communicating with the public are still applicable. The rules protect investors from false, misleading claims, exaggerated statements, and material omissions. WebThe content of this summary, and the available detailed report, is governed by FINRA Rule 8312, and is primarily based on information filed on uniform registration forms.Rule 8312, amendments to the rule and notices related to U.S. Securities and Exchange Commission approval orders, can be viewed here.. State regulators are governed by their public … restrict fb messenger