Sixteen additional Wall Street firms reached settlements with the Securities and Exchange Commission-over unauathorized messaging apps-totalling $1.1 billion, the SEC announced Tuesday. ![]() The directive included in a wide-ranging corporate crime memo issued by Deputy Attorney General Lisa Monaco earlier this month comes after regulators reached a massive civil settlement with JPMorgan Chase over employees’ inaccessible chats. The Justice Department says it will put more emphasis on whether companies hand over employee digital communications when considering leniency for cooperation, a step designed to yield more evidence against individual bad actors. ![]() ![]() DOJ wants companies to curb employees’ business-related chats on encrypted apps like WhatsApp and Telegram that are increasingly hindering federal white collar criminal probes.
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