News

Wall Street watchdog scrutinises banks over traders’ private texts and emails

Regulators zone in on banks' oversight of staff messages

The SEC is monitoring whether banks are adequately tracking staff communications on external platforms
The SEC is monitoring whether banks are adequately tracking staff communications on external platforms Photo: Andrew Harrer/Getty Images

The US Securities and Exchange Commission is reportedly probing Wall Street banks to check whether they are complying with rules on tracking their employees’ communications.

Staff at Wall Street’s top watchdog have contacted several banks in recent weeks to make sure they are adequately monitoring work-related texts, calls and emails, three people familiar with the matter told Reuters.

WSJ Logo