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Sources: for years, the SEC and CFTC were hindered by banks' usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total (Bloomberg)

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Bloomberg:

Sources: for years, the SEC and CFTC were hindered by banks’ usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total  —  Record fines that the world’s biggest investment banks are expected to pay in the coming months reflect years of frustration among US regulators …



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