Morgan Stanley Hit With $15M Fine After Advisers Take Millions
The U.S. Securities and Exchange Commission said that Morgan Stanley failed to detect hundreds of unauthorized transfers that occurred between May 2015 and July 2022 and to “reasonably supervise” its employees.
Morgan Stanley to pay $15M over theft by now-former employees
The bank failed to detect “hundreds” of instances when brokers misappropriated client funds through unauthorized Automated Clearing House transfers, the SEC said.
SEC fines Morgan Stanley $15M to settle allegations of theft of client funds
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
Morgan Stanley Smith Barney to Pay $15M Penalty to Settle SEC Charges
Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advis
Morgan Stanley Fined $15 Million by SEC Over Adviser Theft
Morgan Stanley will pay $15 million to settle claims that its Smith Barney unit failed to prevent four former employees from stealing millions of dollars from customer funds, the US Securities and Exchange Commission said Monday.
SEC Fines Morgan Stanley $15 Million Over Failure to Protect Client Accounts
The regulator alleges that Morgan Stanley compliance policies failed to prevent four financial advisors from stealing millions of dollars from clients.
Already a 'done deal' for Fed to cut rates in December meeting, says Morgan Stanley's Zentner
Ellen Zentner, Morgan Stanley Wealth Management chief economic strategist, joins 'Money Movers' to discuss Zentner's thoughts ...
Morgan Stanley Direct Lending: A Low-Risk 10% Yield
Morgan Stanley Direct Lending Fund offers a 10% dividend yield and a low-risk portfolio. Read why MSDL would be an appealing ...
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What’s Fueling Morgan Stanley (MS) Stock’s 23.05% Gain Above Its 200-Day SMA?
Morgan Stanley (MS) stock saw a decline, ending the day at $126.79 which represents a decrease of $-1.79 or -1.39% from the prior close of $128.58. The stock opened at $127.63 and touched a low of ...
Europe’s car makers could be set for rebound in 2025, Morgan Stanley says
Lower interest rates and rising incomes could improve affordability in Europe’s car market, Morgan Stanley’s analysts said ...
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Morgan Stanley: 2025 Economic and Investment Outlook
Explore Morgan Stanley's 2025 outlook: global growth slows to 3.0%, US policy changes reshape markets, and investment opportunities emerge ...
How Job Cuts, Language Barriers And Tech Inefficiencies Led To Morgan Stanley’s Failure To Vet Ultra-Wealthy Clients
A recent investigation uncovered significant regulatory deficiencies within Morgan Stanley's wealth management operations.
Morgan Stanley upgrades Reddit to Overweight on pipeline of initiatives, stock up
Morgan Stanley upgrades Reddit to Overweight with PT of $23, citing strong engagement and ad revenue growth potential.
It’s time to sell the U.S. dollar, Morgan Stanley says
Morgan Stanley’s analysts said much of the good news for USD has already been priced in to the value of America’s currency, ...
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Exclusive: Morgan Stanley Capital Partners to acquire another healthcare outsourced service provider
Morgan Stanley Capital Partners expects to announce later on Tuesday that it has agreed to acquire Prescott’s, which provides ...
Expect a 'stabilization of regulation' in financials under Trump: Morgan Stanley's Betsy Graseck
Betsy Graseck, Morgan Stanley global head of banks and diversified finance research, joins 'Squawk Box' to discuss the ...