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The problem is that it's basically impossible to know. I'd imagine the vast majority of infractions were just employees improperly communicating privileged info
by bidirectional 5y ago
The problem is that it's basically impossible to know. I'd imagine the vast majority of infractions were just employees improperly communicating privileged information via Whatsapp or whatever, without gaining any real advantage by doing so.
- munk-a 5y agoThe government decided that these record keeping failures were serious enough to warrant a hundred million dollar fine. We've all seen how fines lean toward slaps on the wrist so I would be pretty hesitant to assume the multi-million dollar one here was just because someone was DMing something that needed to be sent over a secure channel.
- nickff 5y ago>"The government decided that these record keeping failures were serious enough to warrant a hundred million dollar fine." The SEC likes to go after these sorts of settlements, as they can post large dollar values without having to prove any actual harm. On the other side, these settlements are so common that they're just a cost of doing business, basically a tax.