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Stock impact report

SEC is reportedly checking banker cell phones in a Wall Street messaging probe [MarketWatch]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: MarketWatch
The U.S. Securities and Exchange Commission has launched a search through 100-plus personal mobile phones of top Wall Street dealmakers as it widens its probe into secret messaging through platforms such as WhatsApp, according to a Bloomberg report on Wednesday. The SEC is targeting up to 30 top bankers and traders at each major bank it contacts to provide personal mobile devices to be examined by lawyers, Bloomberg reported, citing people familiar with direct knowledge of the requests. The SEC is attempting to bring to light how Wall Street dealmakers use unauthorized messaging platforms to communicate with each other. Regulators under SEC commissioner Gary Gensler will then weigh whether to levy fines or take other disciplinary action against banks for not taking measures to preserve business-related messages. The report did not specify which banks have been getting the requests, but Morgan Stanley MS, Credit Suisse AG CS, Goldman Sachs Group Inc. GS, Citigroup Inc. C, and Show less Read more
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