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Morgan Stanley Eyes $1B Block Trading Settlement: Report  

Wednesday, Nov 08 2023
Regulatory & Compliance
Written by  PFA News

Morgan Stanley could pay as much as $1 billion to end investigations by federal regulators into its handling of block trades, according to sources familiar with the situation. So reports Semafor.

Morgan Stanley2Morgan Stanley probably would avoid pleading guilty to a crime as part of the settlement with the Department of Justice and the Securities and Exchange Commission, but would acknowledge oversight failures and sign on to particular compliance reforms, the sources said.

Such a deal would wrap up more than four years of probes into whether Morgan Stanley improperly leaked to hedge fund investors word that large blocks of stock were about to go on sale.

Read the full article from Semafor.

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