U.S. SEC opens inquiry into Wall Street banks' staff communications -sources

The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees' digital communications, three people familiar with the matter told Reuters.

SEC enforcement staff contacted multiple banks in recent weeks to check whether they have been adequately documenting employees' work-related communications, such as text messages and emails, with a focus on their personal devices, said the people, who spoke on the condition of anonymity.

The industry "sweep" is a further sign that the SEC is ramping up enforcement under...