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BNP Paribas discloses SEC, CFTC probes over messaging app rule violations

Image of a mobile phone and its apps
Photo: Peter Macdiarmid, Getty Images

France’s BNP Paribas is the latest bank to face sanctions from the SEC and CFTC over electronic message recordkeeping violations.

BNP Paribas said the US SEC and the Commodity Futures Trading Commission (CFTC) are investigating it over employee use of messaging applications that violated regulatory recordkeeping rules. 

BNP Paribas Securities Corp., the French bank’s US-registered broker-dealer, has reached proposed resolutions with the two regulators to resolve the probes, BNP