Morgan Stanley Agrees to Pay $249 Million to Settle Block-Trading Probes | EUROtoday

Get real time updates directly on you device, subscribe now.

Morgan Stanley agreed Friday to pay $249 million to settle legal and regulatory investigations into allegations that some workers improperly shared details about shoppers’ inventory gross sales, the Manhattan U.S. legal professional’s workplace stated.

The decision ends a long-running probe into how the financial institution offered massive blocks of inventory for institutional traders. Morgan Stanley obtained a nonprosecution settlement, a type of leniency which means it gained’t face legal costs so long as it cooperates with ongoing requests from prosecutors for 3 years and doesn’t violate its settlement settlement.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

https://www.wsj.com/articles/morgan-stanley-agrees-to-pay-249-million-to-settle-block-trading-probes-48ea4a54?mod=rss_markets_main