Morgan Stanley fined $5 million by the SEC over trading fees

Morgan Stanley fined $5 million by the SEC over trading fees

Business Insider

Published

· *Morgan Stanley will pay a $5 million fine to the Securities and Exchange Commission over allegedly misleading some customers and charging hidden trading fees.*
· *The bank's Smith Barney unit sold clients a "wrap fee" meant to cover investment advice and brokerage services.*
· *The SEC alleges that, from October 2012 to...

Full Article