tldrdailynews.com logo

Regulators Investigate Morgan Stanley's Wealth Management Arm, Stock Plummets

1 min read
Source: Yahoo Finance
Regulators Investigate Morgan Stanley's Wealth Management Arm, Stock Plummets
Photo: Yahoo Finance
TL;DR

Morgan Stanley's wealth management arm is reportedly under investigation by multiple regulators including the SEC, OCC, and other Treasury Department offices, causing the bank's shares to fall. The probes are focused on the bank's due diligence on prospective clients, monitoring of financial activity, and international clients. This comes after the bank recently resolved an investigation into its block trading practices. Spokespeople for Morgan Stanley and the regulators did not immediately respond to requests for comment.

Topics:businessfinance#finance#morgan-stanley#probe#regulators#sec#wealth-management
Share this article
  1. Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports  Yahoo Finance
  2. Morgan Stanley's wealth management arm probed by multiple agencies  New York Post
  3. Morgan Stanley Shares Sink 4.4% After WSJ Reports Federal Probes  MarketWatch
  4. Morgan Stanley Stock Drops Sharply After WSJ Report of Fed Probes  Barron's
  5. Morgan Stanley Dives As Regulators Open Wealth Arm Probe  Investor's Business Daily

Want the full story? Read the original reporting

Read on Yahoo Finance