US Banks Paying $470,000,000 To Regulators Over Widespread Recordkeeping Failures and ‘Off-Channel’ Communication Methods

More than two dozen Wall Street firms including Bank of New York Mellon and Truist have agreed to pay a massive collective fine to US regulators. The financial companies are handing over $470 million to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to settle charges that the firms […] source: https://dailyhodl.com/2024/08/25/us-banks-paying-470000000-to-regulators-over-widespread-recordkeeping-failures-and-off-channel-communication-methods/