World NewsUK NewsUK Top News

Ofgem Fines Morgan Stanley £5.4 Million Over WhatsApp Breaches

Save
Ofgem Fines Morgan Stanley £5.4 Million Over WhatsApp Breaches
The logo for Morgan Stanley on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, on Aug. 3, 2021. Andrew Kelly/Reuters
Evgenia Filimianova
Updated:
0:00

The UK energy market regulator has fined Morgan Stanley £5.4 million after energy traders discussed business in WhatsApp exchanges on private phones.

Ofgem said that Morgan Stanley failed to take “reasonable steps” to record and retain electronic communications between its wholesale energy traders.

Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.
Related Topics