Morgan Stanley To Pay $50M Settlement
Morgan Stanley Agreed To Settle Charges. Morgan Stanley (MWD) agreed Monday to pay $50 million to settle charges of abusive mutual fund sales practices, and regulators warned that other financial firms could face a similar fate. The Securities and Exchange Commission and the National Association of Securities Dealers said Morgan … [Read more...]
Morgan Stanley’s Mutual Fund Sales Face State Probe
Morgan Stanley Misled Regulators. Morgan Stanley, the second-biggest securities firm by capital, misled regulators investigating whether it pressured brokers to sell in-house mutual funds, according to the Massachusetts Secretary of the Commonwealth. States are asserting their authority to police Wall Street after a … [Read more...]
