Wall Street BlackBerrys Feel the Squeeze

Wall Street’s two self-policing groups, N.Y.S.E. Regulation and NASD, released proposed guidelines (NASD notice to members No. 07-30) for the regulation of written electronic communications, including information sent through BlackBerrys, text messages and instant messaging. The recommendations, which were only optional, came amid concerns about the spread of confidential information through unsecure devices.

The gist of the guidelines was that, if Wall Street firms cannot supervise or review messages from portable devices, or if the sender cannot be identified, the firms should consider blocking them. (more)(more)(in French)