Even at my pay bracket, this would catch my attention
/Morgan Stanley Fines Employees Up To $1,000,000 For Conducting Business Over Unauthorized Messaging Platforms
According to sources, penalties varied according to a number of factors, including previous violations, number of messages sent and seniority, and ranged from several thousand dollars to $1 million, the Financial Times reported.
Regulatory authorities have previously cracked down on financial institutions for violating regulations that require all broker-dealers to keep a record of all business-related communications, Reuters reported. In 2021, Morgan Stanley was required to pay out $200 million to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission because of unauthorized messaging by employees, the outlet noted.