NEW YORK: The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter.
The settlements with broker-dealers and investment advisers would mark the latest enforcement action in the SEC's two-year crackdown on Wall Street's use of WhatsApp and other unapproved messaging apps which has so far netted regulators over $2 billion in fines.
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