Economy & Finance

SEC Starts Inquiry Into Santander Use of Messaging Platforms

Banco Santander SA said the Securities and Exchange Commission has started an inquiry into the use of unapproved messaging platforms at its US markets unit.

“SanCap is cooperating with the SEC in connection with an inquiry focused on compliance with business-related communications on messaging platforms that were not approved by SanCap,” the lender said in a regulatory filing. “The inquiry follows a number of regulatory settlements with other firms covering similar matters.”

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