Morgan Stanley Close to $200 Million to $300 Million Deal to Settle Trading Investigation, Bloomberg Reports
12 January 2024 - 5:19AM
Dow Jones News
--Morgan Stanley is close to a deal to pay $200 million to $300
million to resolve an investigation into the handling of
market-moving stock sales, Bloomberg reports, citing people with
knowledge of the situation.
--The deal is with the Justice Department and the U.S.
Securities and Exchange Commission and could be announced in the
coming days.
--The penalty will be divided between the Justice Department and
the SEC and will not include criminal charges, the people said.
--The DOJ, SEC and Morgan Stanley declined to comment to
Bloomberg.
Full article at
https://www.bloomberg.com/news/articles/2024-01-11/morgan-stanley-ms-to-pay-under-300-million-to-settle-trading-probe?srnd=premium
Write to ben.glickman@wsj.com; @benglickman
(END) Dow Jones Newswires
January 11, 2024 13:04 ET (18:04 GMT)
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