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BD Fined $100,000 for Failing to Review Reps' Instant Messages
News July 15, 2025 at 02:32 PM
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What You Need To Know
- Investment Placement Group permitted employees to use a vendor-provided electronic instant messaging platform for business purposes.
- The firm engaged a third-party vendor to capture the messages that its employees sent and received so that the firm could preserve and review them.
- The IPG employees who were authorized to use the messaging platform either were never connected to the archiving service or were connected for only a portion of the time, FINRA said.
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