News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Commentary

Don’t ban WhatsApp for traders — here’s a better idea

The SEC has stated that applications such as WhatsApp may need to be banned outright in favour of more official channels. This seems misguided

Don’t ban WhatsApp for traders — here’s a better idea
Photo: Getty Images

Oliver Blower is the CEO of VoxSmart

When the news came out last month that the SEC had executed on its long-running threat to impose almost $2bn in fines on 11 Wall Street giants, I can’t say that it came as a surprise. JPMorgan was the first to face such a fine in December last year, and ever since there has been a constant rumbling that a wave of fines was approaching.

WSJ Logo