Tagged with "WhatsApp"

Morgan Stanley Fines Some Advisors $1 Million Over Messaging Lapses

Posted on February 8th, 2023 at 1:52 PM
Morgan Stanley Fines Some Advisors $1 Million Over Messaging Lapses

Morgan Stanley has fined some of its own financial advisors more than $1 million each for communicating with clients on WhatsApp and other messaging platforms. 

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Use of WhatsApp Causes Problems for Firms and Their Advisors

Posted on October 21st, 2020 at 10:20 AM
Use of WhatsApp Causes Problems for Firms and Their Advisors

The COVID-19 pandemic forced many in the financial industry to adapt their operations to remote working.

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FINRA Issues Investor Alert Warning of Messaging App Scams

Posted on September 4th, 2015 at 5:29 PM
FINRA Issues Investor Alert Warning of Messaging App Scams

 WhatsApp users were flooded with text messages advertising the stock of Avra, Inc. (OTC: AVRN). The messages touting this microcap stock appeared to be sent from individuals at well-known brokerage firms and claimed AVRN was “going to double in the next few days.”

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