I don't recall getting hit with a fine like this from the SEC ever....
SEC WhatsApp Crackdown Hits 16 Advisors, Brokers Totaling $81M
Northwestern Mutual racked up the top fine, with a combined $16.5 million fine for, among other things, sending and receiving off-channel communications between a dual registrant and two advisory affiliates “that related to recommendations made or proposed to be made and advice given or proposed to be given,” the SEC order stated.
“Respondents did not maintain or preserve the substantial majority of these written communications,” the order stated. “Respondents’ failures were firm-wide and involved personnel at various levels of authority.”