Wall Street Traders Are Being Ordered to Hand Over their Personal Phones for Examination by the Firm’s Lawyers: How Is This Legal?

by Pam Martens and Russ Martens, Wall St On Parade: Last Wednesday Bloomberg News reported, without citing a source, that the Securities and Exchange Commission was “forcing Wall Street banks to embark on a systematic search through more than 100 personal mobile phones carried by top traders and dealmakers….” But according to Bloomberg’s report, SEC lawyers […]