A spokeswoman for Morgan Stanley did not deny that the problem occurred but maintained that year-end processing of accounts is proceeding.
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An influx of year-end rebalancing orders at Morgan Stanley’s wealth management division has impaired the firm’s ability to tweak customers’ accounts, according to an unnamed source. So reports Fox Business.
A spokeswoman for Morgan Stanley did not deny that the problem occurred but maintained that year-end processing of accounts is proceeding.