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Britain to Record Trader's Cellphone Conversations

ubermiester (883599) writes | more than 3 years ago

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ubermiester (883599) writes "The NYTimes is reporting that British financial regulators, in an effort to combat insider trading, will now require "all financial services firms...to record any relevant communication by employees on their work cell phones" for use in future investigations, and would require the firm to hold on to the recordings for six months (at their cost). They would also be required to "discourage" employees from using the private phones for business related communications. Land-lines are already covered — as they are in many other European countries — but Britain would be the first to apply the requirement to cellphones."
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