{"id":599335,"date":"2023-08-24T09:55:12","date_gmt":"2023-08-24T04:25:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=599335"},"modified":"2023-08-24T10:25:33","modified_gmt":"2023-08-24T04:55:33","slug":"in-a-first-morgan-stanley-fined-for-uk-energy-trading-whatsapp-breach","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/in-a-first-morgan-stanley-fined-for-uk-energy-trading-whatsapp-breach\/","title":{"rendered":"In a first, Morgan Stanley fined for UK Energy trading WhatsApp breach"},"content":{"rendered":"<p>A Morgan Stanley unit was fined \u00a35.4 million ($6.8 million) for failure to retain messages sent by traders over WhatsApp in the first-ever penalty of its type issued under the powers of the UK\u2019s energy regulator. <\/p>\n<p>Morgan Stanley &amp; Co. International Plc failed to record and save electronic communications between January 2018 and March 2020 made by energy traders on privately-owned phones which discussed transactions, Ofgem said in a statement on Wednesday. <\/p>\n<p>Unlike US regulators, who have taken a slew of actions in the past couple of years \u2014 including billions of dollars in fines to clamp down on the use of WhatsApp across trading floors \u2014<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Morgan Stanley unit was fined \u00a35.4 million ($6.8 million) for failure to retain messages sent by traders over WhatsApp in the first-ever penalty of its type issued under the powers of the UK\u2019s energy regulator. Morgan Stanley &amp; Co. International Plc failed to record and save electronic communications between January 2018 and March 2020 made by energy traders on privately-owned phones which discussed transactions, Ofgem said in a statement on Wednesday. Unlike US regulators, who have taken a slew of actions in the past couple of years \u2014 including billions of dollars in fines to clamp down on the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-599335","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=599335"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599335\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=599335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=599335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=599335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}