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"Morgan Stanley Settles US Block Trading Probes for $249 Million"

1 min read
Source: Financial Times
TL;DR

Morgan Stanley has agreed to pay $249 million to settle probes by US authorities into its alleged deceptive practices in the handling of certain trades, known as "block trades." The settlement resolves investigations by the Securities and Exchange Commission and the Department of Justice, which accused the bank of misleading clients about the way it executed their trades.

Topics:businessfinance#block-trading#finance#morgan-stanley#probes#settlement#us
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  1. Morgan Stanley to pay $249mn to settle US block trading probes  Financial Times
  2. Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes  CNBC
  3. Morgan Stanley to Pay $249 Million in Block Trading Investigation  The New York Times
  4. Morgan Stanley hit with $249 million fine for block-trading fraud  MarketWatch
  5. Morgan Stanley to Settle Block Trading Probe for Under $300 Million  Bloomberg Television

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