US Pries Into Over 100 Trader, Banker Phones In Texting Probe - Bloomberg

May 18, 2022 7:00 AM EDT

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(Updated - May 18, 2022 7:10 AM EDT)

The U.S. is forcing Wall Street banks to embark on a systematic search through more than 100 personal mobile phones carried by top traders and dealmakers, according to a report from Bloomberg, citing people familiar with the matter.

The SEC has been sending firms lists of key positions.

Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), HSBC Holdings (NYSE: HSBC) and Credit Suisse (NYSE: CS) have said they were fielding inquiries.

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