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Why would people risk being out of compliance for no reason?

Given what we know about insider trading on Wall Street (and LIBOR etc), most likely there was a lof of incriminating discussions. And there does seem to be some evidence in the case of Nomura.

https://dealbreaker.com/2022/09/make-sure-to-delete-that-inc...

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LOL

"The head of a trading desk routinely directed traders to delete messages on personal devices and to use Signal, including during the CFTC's probe."

1000% this was done in-person, not in any electronic medium Probably by telling his right-hand-man or sub-heads who then distributed the message in-person, non-electronically as well

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