Link

Morgan Stanley Agrees to Pay $275 Million to End SEC Probe

Morgan Stanley Agrees to Pay $275 Million to End SEC Probe

Morgan Stanley (MS) agreed to pay the U.S. Securities and Exchange Commission $275 million to resolve a probe into the sale of subprime mortgage-backed securities in 2007.

The SEC hasn’t presented the proposed settlement to the commission and offered no assurance it will be accepted, the New York-based bank said today in an annual regulatory filing. The firm said it’s also responding to subpoenas and requests for information from federal and state regulators in mortgage-related matters.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s