British Financial Firms Ordered to Record Work Cellphones - NYTimes.com

British Financial Firms Ordered to Record Work Cellphones - NYTimes.com: "Investment bankers and traders in Britain will have their mobile phone conversations recorded in the latest step by the country’s financial regulator to crack down on insider trading and market abuse.
Britain is the only European country to explicitly require the taping of business cellphone calls. Add to Portfolio
Go to your Portfolio »The Financial Services Authority, Britain’s financial watchdog, said Thursday that under new rules, effective next November, all financial services firms will be required to record any relevant communication by employees on their work cellphones."