Encrypted iMessage chats lead to record-breaking SEC fines for Wells Fargo, Wall Street

Several banks and Wall Street firms have just been fined millions of dollars for hiding messages in a variety of different messaging apps, including Apple's own iMessage.

Securities and Exchange Commission

Apple, along with other messaging companies, find themselves in the mix of a series of new SEC fines, albeit not legally, thanks to features like end-to-end encryption. This properly secures messages on platforms like iMessage, WhatsApp, and Signal, but it also means conversations can become inaccessible.

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