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Wall Street banks fined $549 million for not backing up messaging app histories

Federal regulatory agencies have fined 11 financial institutions a combined $549 million for using “off-channel” messaging apps (WhatsApp, iMessage, Signal and text messages) for conversations about trades and other business. Securities laws require investment firms and banks to preserve communications records and ensure employees only carry out business through authorized channels. “The firms did not maintain or preserve the substantial majority of these off-channel communi...
Sanjay Wadhwa Ian Mcginley Wells Fargo Exchange Commission Commodity Futures Trading Commission Moelis Company
Source: yahoo.com

Changing Workplaces, Changing Classifications: Increasing Relevance Of The Dependent Contractor - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. The classification of workers has become an increasingly relevant consideration for both hirers and workers in todays rapidly changing economy. Traditionally, workers have fallen into one of two distinct categories for payment in exchange for their labour: employees or independent contractors. These categories are strongly fact-driven and have important legal ramifications for both the hirer ...
United States Heritage Homes Ltd Ontario Court Office Of The Children Lawyer Workersv Foodora Inc Canac Kitchens Ltd
Source: mondaq.com

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