(Bloomberg) -- Jefferies Financial Group Inc. said it expects to pay $80 million related to a sweeping US investigation into the use of unapproved personal devices for business communications.
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The combined penalty would be paid to the US Securities and Exchange Commission and the Commodity Futures Trading Commission, the investment bank said Monday in a filing.
Regulators have been investigating Wall Street banks for failing to monitor employees using unauthorized messaging apps. Financial firms are required to track communications by staff to head off improper conduct.
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