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Morgan Stanley agrees to pay $2 million to settle complaint about bank stock sales

Por: The Boston Globe Business September 06, 2024

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Morgan Stanley, the global investment bank, has agreed to pay a $2 million fine to settle an investigation by state regulators that determined the bank failed to properly monitor stock trades it made on behalf of a former bank CEO in the days and weeks before the bank failed.The settlement, announced Friday by the , focuses on the sale of $6.8 million in First Republic stock in 2022 and 2023 by a “former CEO and insider at” First... + full article



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