Carolee Hoover

Photo of Carolee Hoover

Latest Articles

In October 2014, 15 financial institutions created a cloud-based financial messaging platform, known as Symphony Communications Services LLC, to allow for secure communications between them. Regulators, including the New York Department of Financial Services, became concerned that Symphony’s encryption and privacy settings would prevent investigators from catching improper trading activities. However, on September 14, 2015, the DFS announced that Goldman Sachs Group Inc., Deutsche Bank AG, Credit Suisse and Bank of New York Mellon Corp.,…