Reports: Morgan Stanley fines bankers up to $1M for off-channel communications
By 
Aaron Nicodemus2023-01-26T18:23:00
Morgan Stanley fined its employees up to $1 million for using unauthorized communication channels in violation of recordkeeping rules, according to multiple reports.
Penalties levied against employees ranged from a few thousand dollars to as much as $1 million for using social messaging apps like WhatsApp to discuss company business, according to reports from the Financial Times and Wall Street Journal.
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