SEC is reportedly checking banker cell phones in a Wall Street messaging probe
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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.
