according to WhatsApp is a Facebook-owned messaging service used by more than one billion people worldwide. Britain's Financial Conduct Authority (FCA) has fined a former Jefferies banker almost 40,000 pounds ($49,000) for sharing confidential client information over instant messaging service WhatsApp because he wanted to "impress" the recipients, the watchdog said on Thursday. According to the UK register of financial services staff, he left Jefferies in October 2016, a year after joining. Neither Niehaus nor his contacts used the information to deal in securities, the FCA said. The FCA said Christopher Niehaus, a former managing director of investment banking at Jefferies International Ltd, shared confidential information between January and May 2016 with an acquaintance and a friend, who was also a Jefferies client.
according to
Some of the confidential information disclosed related to a client who was a competitor of Client A. When Christopher Niehaus sent his messages on WhatsApp, he was doing so both as a personal user and as a professional banker. Last week a former Jefferies Group LLC banker was fined by the U.K. regulator the Financial Conduct Authority for sharing confidential client data on Facebook's popular chat app, WhatsApp, with a personal acquaintance and friend. This is a story that may be viewed very differently here in the U.K. and across the pond, in 2017. He admitted to the FCA that the information he disclosed was client confidential, that he should not have shared it and that he should have known better.
LONDON—A former Jefferies Group LLC banker was fined £37,198 ($46,350) for boasting about banking deals in WhatsApp messages to a client and a friend last year. The U.K. Financial Conduct Authority said Christopher Niehaus, a managing director in Jefferies investment banking group, sent messages on his personal phone giving details of planned client deals and the fees Jefferies would make, breaking regulatory rules around handling...
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collected by :Andro Alex
according to
Boasting On WhatsApp Costs U.K. Banker Job And $46,000
Some of the confidential information disclosed related to a client who was a competitor of Client A. When Christopher Niehaus sent his messages on WhatsApp, he was doing so both as a personal user and as a professional banker. Last week a former Jefferies Group LLC banker was fined by the U.K. regulator the Financial Conduct Authority for sharing confidential client data on Facebook's popular chat app, WhatsApp, with a personal acquaintance and friend. This is a story that may be viewed very differently here in the U.K. and across the pond, in 2017. He admitted to the FCA that the information he disclosed was client confidential, that he should not have shared it and that he should have known better.
Ex-Jefferies Banker Fined Over WhatsApp Messages
LONDON—A former Jefferies Group LLC banker was fined £37,198 ($46,350) for boasting about banking deals in WhatsApp messages to a client and a friend last year. The U.K. Financial Conduct Authority said Christopher Niehaus, a managing director in Jefferies investment banking group, sent messages on his personal phone giving details of planned client deals and the fees Jefferies would make, breaking regulatory rules around handling...
to read more visit us whats app br/>
collected by :Andro Alex
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