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Wall Street firms slugged $442m for recordkeeping breach

BNP Paribas Securities, Moelis & Company, and Wells Fargo are among 11 firms that copped massive fines that totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business.

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Read more: SECBNP Paribas SecuritiesMoelis & CompanyWedbush SecuritiesSG Americas SecuritiesWells Fargo SecuritiesSanjay WadhwaBank of MontrealBMO Capital MarketsCommodity Futures Trading CommissionHoulihan Lokey CapitalMizuho Securities USASecurities Exchange Act ofSignalSMBC Nikko Securities AmericaSociété GénéraleWells Fargo BankWhatsApp