• 11/14/2024

Morgan Stanley agreed to pay $2 million to settle an investigation that it failed to properly monitor trades by the executive chairman of First Republic Bank before the bank failed last year.

Wall Street Journal

Morgan Stanley agreed to pay $2 million to settle an investigation that it failed to properly monitor trades by the executive chairman of First Republic Bank before the bank failed last year.

https://www.wsj.com/finance/regulation/morgan-stanley-is-fined-over-first-republic-insider-sales-48ad84bf