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SEC's Texting Crackdown Rages On, With RIAs Likely Next
Analysis March 18, 2024 at 03:07 PM
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What You Need To Know
- Regulators have levied more than $3 billion in fines over unauthorized use of texting and chat apps for business purposes.
- The crackdown started with big banks and BDs but the involvement of investment advisors has increased.
- A chief compliance officer says tending to the issue keeps her up at night.
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