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8/03/2005
Morgan Stanley Pays $6 Million Settlement
Morgan Stanley Pays $6 Million Settlement
Via CNN.com:
-- MDT
Morgan Stanley in $6.1M NASD settlement: Regulator says company did not adequately supervise its fee-based brokerage business.Full article appears here.
August 2, 2005
Reuters
WASHINGTON - Brokerages regulator NASD said Tuesday that it fined Wall Street investment bank Morgan Stanley $1.5 million for failing to adequately supervise its fee-based brokerage business.
Morgan Stanley also was ordered to pay $4.6 million in restitution to more than 3,500 customers, NASD said. The case involved fee-based accounts, an alternative to traditional commission-based brokerage accounts, NASD said...
-- MDT
Labels: Morgan Stanley
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