Chances are, the people you're thinking of, the very top, may very well have proof in writing they require employees not to talk abt the business on whatsapp.
I work in the same kind of company and Im baffled, I wouldnt dare say the name of a client on whatsapp and sometimes the regulated chat system is so inconvenient I have to use some personal device but we usually do it to "ping" people so they then go to the recorded system.
And that they seem to have used it for decision taking, not just random discussion at the bar, means every low level employee who ever gave a formal report or raised a formal question without resending by email is wrong. Every.low.level.employee, yes.
Burn the top all you want, but at this point maybe the SEC should directly go to our companies fucking explain people that we must record all steps in decision making, not just for discovering fraud but to protect ourselves and our clients from suspicion in the first place.
Shocked that it happened at JPM. The SEC is also wrong to say: "Indeed, supervisors, including managing directors and other senior supervisors – the very people responsible for implementing and ensuring compliance with JPMS’s policies and procedures "!!
No, EVEYONE is responsible, from the dimwit intern making coffee to the ferrari driving MD, record keeping is bank 101, this makes me boil for some reason. I d be such a pain in the ass of a big boss if I saw that where I work.
> The SEC is also wrong to say: "Indeed, supervisors, including managing directors and other senior supervisors – the very people responsible for implementing and ensuring compliance with JPMS’s policies and procedures "!! No, EVEYONE is responsible,
And you were born knowing this, or did someone have to model the proper behavior for you first?
Well JPM sure must have the same training as we do, and I cannot imagine the SEC not reinforcing this value, that compliance to regulation is the first responsibility of a bank employee, esp after the crisis where we're painted sometimes basically as the devil's spawn responsible of all of society's injustices.
So putting the blame at the top is easy, but there were lots of little hands in between who should face some reckoning imho. And I bet you the top will do nothing else than just say "dudes, for the nth time, please please please disobey orders that clearly contravene normal practice".
Talking business on whatsapp like the Mafia, what is this honestly.
> Chances are, the people you're thinking of, the very top, may very well have proof in writing they require employees not to talk abt the business on whatsapp.
So because the bosses have a rule written down somewhere, that absolves them of the responsibility to make sure their employees are actually following it?
I work in the same kind of company and Im baffled, I wouldnt dare say the name of a client on whatsapp and sometimes the regulated chat system is so inconvenient I have to use some personal device but we usually do it to "ping" people so they then go to the recorded system.
And that they seem to have used it for decision taking, not just random discussion at the bar, means every low level employee who ever gave a formal report or raised a formal question without resending by email is wrong. Every.low.level.employee, yes.
Burn the top all you want, but at this point maybe the SEC should directly go to our companies fucking explain people that we must record all steps in decision making, not just for discovering fraud but to protect ourselves and our clients from suspicion in the first place.
Shocked that it happened at JPM. The SEC is also wrong to say: "Indeed, supervisors, including managing directors and other senior supervisors – the very people responsible for implementing and ensuring compliance with JPMS’s policies and procedures "!! No, EVEYONE is responsible, from the dimwit intern making coffee to the ferrari driving MD, record keeping is bank 101, this makes me boil for some reason. I d be such a pain in the ass of a big boss if I saw that where I work.