The argument the SEC presented however is that it hindered investigations which means it was extreme. There s no excuse dropping an email with the details of th

The argument the SEC presented however is that it hindered investigations which means it was extreme. There s no excuse dropping an email with the details of the communications out of channel was impossible, even by hiding the fact it was out of channel: after all you could meet the client on premise and discuss the same things with no record and everyone would agree an email memo should be shared. Here it feels like it became completely normal to take decision completely out of record, and with no way to trace who said what when, no way to defend themselves out of suspicion, which is why we keep records in banks in the first place.