Abstract: Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.
Lead Paragraph:
Morgan Stanley agreed to pay $249 million in penalties to resolve investigations by federal prosecutors and securities regulators into the firm’s practices in handling some large stock trades, authorities and the bank said on Friday.
Source: The New York Times
Category: Business
Sub Category:
2024-01-12T14:39:18+0000
By Matthew Goldstein