Wall Street

U.S. watchdogs scrutinise UBS over staff messaging

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Reuters UK

ZURICH (Reuters) – U.S. regulators are looking into whether UBS Group properly documented communications among staff as part of a wider probe of the sector, the Swiss bank said in notes to its second-quarter results on Tuesday. Last year, Reuters reported that the U.S. Securities and Exchange Commission (SEC) was looking into whether Wall Street banks have been adequately documenting employees’ work-related communications, such as text messages and emails, during the work-from-home period of the pandemic. In December, the SEC and the Commodity Futures Trading Commission (CFTC) fined J.P. Morga…

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