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Some of the most damning evidence to come from Wall Street's summer of the dirty boulevard stems from corporate corners where there seems to be the least institutional control. "We're seeing firms who are using e-mails for confidential stuff, for business, for everything," says John Dawes, vp of product marketing for Omniva, a firm that helps institutions in and out of financial services control internal and external communications. "There are things you don't want to share in an e-mail."
E-mails were the smoking gun in New York state Attorney General Eliot Spitzer's campaign against the securities industry's skullduggery this spring and are apparently the missing smoking gun in a recent Securities and Exchange Commission investigation of an all-star roster of securities firms. In the more recent case, the SEC reportedly demanded Merrill, Goldman Sachs, Salomon Smith Barney, Morgan...