Credit: guteksk7/Adobe StockTrump's SEC Likely to Halt 'Off-Channel' Texting Probe That's Led to Billions in Fines
“All indications are that the SEC’s ‘sweep’ regarding off-channel communications will come to an abrupt end once Trump’s appointees take the reins at the SEC," said David Oliwenstein, a partner at Pillsbury Winthrop Shaw Pittman.
November 19, 2024 at 10:34 AM
4 minute read
Regulation
Federal regulators' crackdown on the off-channel use of WhatsApp and other ephemeral messaging tools, which has yielded more than $3 billion in fines and spurred endless consternation in the financial services industry, is likely headed for the trash heap, regulatory attorneys say.
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