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Tech & Telecom Law
[]
JPMorgan Chase & Co. signage is displayed at its Madison Avenue
building in New York on Jan. 12, 2016.
Photographer: Michael Nagle/Bloomberg via Getty Images

JPMorgan Staff Irked Over Order to Save Texts on Personal Phones

By Hannah Levitt and Michelle F. Davis

June 11, 2021, 9:04 PM

  * Told to search years of private WeChat, WhatsApp messages
  * Bank warns workers of 'consequences' for failing to comply

It's an open secret that many Wall Street denizens have been taking a
certain forbidden liberty while working from home: Tapping text
messages to colleagues and clients on smartphones untethered to
workplace surveillance systems. Now some of them are panicking.

JPMorgan Chase & Co. -- often a standard-setter for the industry --
is ordering traders, bankers, financial advisers and even some branch
employees to sift through years of text messages on personal devices
and set aside any related to work, according to people with knowledge
of the situation.

One recent internal notice seen by Bloomberg directed recipients to
not only ...

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Hannah Levitt
Hannah Levitt
Bloomberg News
 
Michelle F. Davis
Michelle F. Davis
Bloomberg News
 
(c) 2021 The Bureau of National Affairs, Inc.
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