Inside Wall Street’s WhatsApp Secret

The video discusses the rules and regulations regarding texting on trading floors, highlighting the role of SEC and FINRA in maintaining business records. It presents case studies of violations, including a UK banker and a New York State Pension money manager, emphasizing the legal consequences. The video also explores common practices among firms, enforcement challenges, and potential changes in financial regulations.

What are the reasons employees on a trading floor cannot text during business hours?

Can you explain the implications of texting business information to friends while working in financial services?

What were the consequences faced by the banker from Jeffries in the UK?

Describe the case involving the money manager and the New York State Pension.

What measures do firms take to enforce communication policies on the trading floor?