Morgan Stanley Fines Own Bankers

Starting with morgan Stanley, it's finding some of its own bankers. After it was discovered, many were conducting business over messaging apps like WhatsApp. This is part of a larger probe by regulators to crack down on lapses and monitoring these strict investigations are happening. Industry wide firms are supposed to be closely monitoring business communications through approved channels. Now, some of those morgan Stanley bankers face fines of more than $1 million each.