German Authorities Search Morgan Stanley In Cum-Ex Probe
By Todd Buell (May 3, 2022, 10:46 AM EDT) -- German investigators searched the offices of Morgan Stanley on Tuesday in an investigation into an illegal trading practice known as cum-ex, an individual familiar with the matter said.
Morgan Stanley has said that the investigation in Germany "relates to a historic activity" and that the bank is "continuing to cooperate" with authorities. (AP Photo/Richard Drew) Prosecutors in the city of Cologne said in a separate statement that they were searching the offices of a bank in the city of Frankfurt as well as the private homes of two suspects. The prosecutors said Tuesday afternoon that the raid was still underway but declined to...
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