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Morgan Stanley hits bankers with $1mn penalties for messaging breaches

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The Financial Times

1 min read
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Forfeitures after WhatsApp scandal range from a few thousand dollars to more than $1mn per employee

25 January, 2023 by Arash Massoudi and Stephen Morris in London, Joshua Franklin in New York

Morgan Stanley has hit bankers with financial penalties running up to more than $1mn per employee for conducting official business on WhatsApp and other messaging platforms.

The forfeitures come as the bank tries to punish employees

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