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REUTERS/Andrew KellyWASHINGTON, Oct 25 (Reuters) - The U.S. Justice Department said on Tuesday it had reached an agreement with Alphabet Inc's (GOOGL.O) Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a "first-of-its-kind resolution" that would result in Google reforming "its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants." The company told a U.S. court it had spent over $90 million "on additional resources, systems, and staffing to implement legal process compliance program improvements." The Justice Department said an independent compliance professional will be hired to serve as an outside third party related to Google’s compliance upgrades. Google will assemble reports and updates regarding the compliance program that will go to the government, the Google Compliance Steering Committee and Alphabet board committees.
REUTERS/Andrew KellyWASHINGTON, Oct 25 (Reuters) - The U.S. Justice Department said on Tuesday it reached an agreement with Alphabet Inc's (GOOGL.O) Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a "first-of-its-kind resolution" that would result in Google reforming "its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants." Google, which did not immediately comment, told a U.S. court it had spent over $90 million "on additional resources, systems, and staffing to implement legal process compliance program improvements." In 2016, the United States obtained a search warrant in California for data held at Google related to the investigation of the criminal cryptocurrency exchange BTC-e, the department said. Google will assemble reports and updates regarding the compliance program that will go to the government, the Google Compliance Steering Committee and Alphabet board committees.
Speaker of the House Nancy Pelosi, House Majority Leader Steny Hoyer, and Senate Majority Leader Charles Schumer at the Capitol in Washington, D.C. on Jan. 6, 2021. “Thank you very much, Mr. vice president,” Pelosi says on the call. “Good news.”Trump privately knew he had lostPublicly, Trump insisted he was being robbed of an election he won. The president told chief of staff Mark Meadows “something to the effect of, 'I don’t want people to know we lost, Mark. “Claims that President Trump actually thought the election was stolen are not supported by fact and not a defense,” Cheney said.
The Jan. 6 committee's ninth and likely final investigative hearing Thursday will feature new testimony and evidence, including Secret Service records and surveillance video. ET, will not include any live witnesses, a committee aide said. All nine committee members are expected to lead segments of the hearing. That’s a departure from this summer when each of the eight hearings featured only a few panel members at a time. Part of the committee's charge is to issue legislative recommendations to prevent another Jan. 6 attack, and some panel members Thursday will present on the ongoing threats to democracy that remain.
In July, the House committee investigating the Capitol riots issued a subpoena to the Secret Service. The Secret Service provided more than one million electronic communications to Jan 6 investigators. The messages could help investigators piece together information about efforts to protect Mike Pence. The communications include emails and other electronic messages from agents in the days leading up to and during the Capitol insurrection, as per NBC. Representatives for the US Secret Service did not immediately respond to Insider's request for comment.
The Secret Service has handed congressional investigators more than 1 million electronic communications sent by agents in the lead-up to and during the Jan. 6, 2021, insurrection at the U.S. Capitol, according to two sources familiar with the matter. While the communications do not include text messages, they do include emails and other electronic messages, according to a Secret Service spokesperson. It was previously unknown that the total number of communications provided to congressional investigators surpassed 1 million. NBC News previously reported that Secret Service agents have been trying to get an account of what information may have been taken from their personal phones and handed over to congressional investigators, but they were recently denied. Most recently, a member of the far-right Oath Keepers group testified in court he believed their leader, Stewart Rhodes, was in communication with at least one Secret Service agent prior to the Jan. 6 insurrection.
Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado RuvicAMSTERDAM, Oct 11 (Reuters) - A group of European telecom regulators does not support the idea of having big tech firms such as Google and Netflix paying for telecommunications infrastructure, it said in initial findings published on Tuesday. However, digital rights groups fear that if the big tech firms fund infrastructure, they will also strike deals with telecom firms to give their own traffic preferential treatment, undermining the principle of net neutrality. In a reaction to the BEREC findings, telecom lobby group ETNO - the European Telecommunications Network Operators, which represents Deutsche Telekom, Orange Group, Telefonica and others - rejected the BEREC findings as outdated and said it would submit new evidence to the Commission to support its position. EU industry chief Thierry Breton has said the European Union will review the matter early in 2023.
Critics on both sides of the political divide say that social-media platforms have too much power over public discourse and use this power irresponsibly. In fact, a fresh wave of decentralized social networks is forming. What even is a decentralized platform? Still, decentralized and descaled social-media platforms pose a promising, if incremental, framework to address many ills of modern mass communication. "I compare it to the growth of organic, sustainably grown food," Bill Ottman, the founder and CEO of the partially decentralized social-media platform Minds, told me.
Wall Street has a texting problem and the SEC is not happy. The firms, including Goldman Sachs, Morgan Stanley, Barclays and UBS, agreed to pay combined penalties of more than $1.1 billion. That means that many broker-dealers were communicating with each other either on their personal cell phones directly, or using personal email, or using messaging apps like Telegram or WhatsApp that are hard to detect. The firms did not maintain or preserve the substantial majority of these off-channel communications, in violation of the federal securities laws." "Since the 1930s, such recordkeeping has been vital to preserve market integrity," SEC Chair Gary Gensler said in a statement.
Wall Street banks have been fined for not monitoring how staff use their phones to talk about work. The offences involved employees ranging senior executives to debt and equity traders. The offences involved employees ranging from supervisors and senior executives to junior investment bankers and debt and equity traders. This included one senior investment banker who had sent and received "tens of thousands" of off-channel text messages, concerning things including investment strategy and client meetings, the SEC said. Each company had failed to retain "hundreds if not thousands of business-related communications," including some connected to their commodities and swaps businesses, the CFTC said.
BofA has rolled out a new communications policy to traders and bankers amid an industry-wide regulatory probe. Even texting "I'm running late" from a personal phone is a policy violation, according to an internal memo. Banks and brokerages are required to monitor employees' written communications — rules that often went ignored during the work-from-home days of the pandemic, leading to a regulatory crackdown that ramped up this year. The same example — letting someone know you're running late to a meeting — was cited. For those who want to ensure safety, it means putting personal communications that could come into question on the corporate phone.
Wall Street sends regulators a poop emoji
  + stars: | 2022-09-28 | by ( John Foley | ) www.reuters.com   time to read: +4 min
For Wall Street brokerages, one answer is simply to flout it. At many of the firms, even managers whose job it was to enforce those rules were copiously breaking them. The regulators at least didn’t say they’d uncovered anything illegal, though disappearing-message apps and encryption make evidence easy to hide. But it’s still troubling to find widespread, frequent examples of bank employees, many with “global firm-wide leadership” roles, routinely doing something their companies forbid. The SEC fined the firms $1.1 billion, while the CFTC fined the same companies around $710 million.
Sept 27 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday fined 16 financial firms, including Barclays (BARC.L), Bank of America , Citigroup , Credit Suisse (CSGN.S), Goldman Sachs , Morgan Stanley and UBS, a combined $1.1 billion over failing to maintain and preserve electronic communications. The sweeping industry probe, which was first reported by Reuters last year and had since been disclosed by multiple lenders, is a landmark case for the agency, regulatory experts said. "The firms admitted the facts...acknowledged that their conduct violated recordkeeping provisions of the federal securities laws... and have begun implementing improvements to their compliance policies and procedures to settle these matters," the SEC said. That likely impeded the SEC's ability to gather evidence in other, unrelated investigations, the agency said. The failings occurred across all 16 firms and involved employees at multiple levels of authority, including supervisors and senior executives, the SEC said.
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