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Regulatory

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: SEC,  BNP Paribas Securities,  Moelis & Company,  Wedbush Securities,  SG Americas Securities,  Wells Fargo Securities,  Sanjay Wadhwa,  Bank of Montreal,  BMO Capital Markets,  Commodity Futures Trading Commission,  Houlihan Lokey Capital,  Mizuho Securities USA,  Securities Exchange Act of,  Signal,  SMBC Nikko Securities America,  Société Générale,  Wells Fargo Bank,  WhatsApp