Morgan Stanley Settles SEC Charges For $7.9M
In an order released Wednesday, the SEC said the broker dealer’s software charged secret “mark-ups” and kept profits meant for retail customers trading in so-called over-the-counter securities.
The Commission said Morgan Stanley failed to provide “best execution” on retail orders to buy and sell stock, thereby violating the Securities Exchange Act. The firm, without admitting or denying the claims,...
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