Reported 2 months ago
Morgan Stanley has disclosed that it is cooperating with the U.S. Securities and Exchange Commission regarding requests focused on advisory account cash balances that were moved to affiliate bank deposit programs. The firm has been in discussions with the SEC since April about compliance with the Investment Advisers Act of 1940. Additionally, Morgan Stanley reported a conditional settlement concerning a lawsuit related to the 2014 IPO of OW Bunker, which filed for bankruptcy shortly after. The resolution is pending approval from a Danish court.
Source: YAHOO