Morgan Stanley violated client-money segregation rules

03/28/2014 | Reuters · Bloomberg

The Commodity Futures Trading Commission has levied a $490,000 fine against Morgan Stanley for failure to keep clients' money segregated from other funds. "As the settlement notes, no customer lost any money as a result of these issues," Morgan Stanley's Christine Jockle said in a statement. "We cooperated fully with the CFTC, hired an outside auditor to review our procedures, and made improvements where required."

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