Morgan Stanley fined $3.6 million for misuse of client funds
Morgan Stanley’s wealth management business will pay $3.6 million after one of its advisors stole $7 million from client accounts.
Tag: Morgan Stanley
Societe Generale appoints Fleury as head of equities
Former BAML global head of equities structured products to join Societe Generale in June.
OpenFin universal standards initiative draws cross-industry support
Consortium aims to establish universal connectivity standards for industry desktop applications.
Goldman Sachs leads end of year bond trading declines
Goldman Sachs saw the biggest fall in bond trading profits among rivals, as low volatility hits fourth quarter trading activity.
Reporting software failures sees Morgan Stanley fined in the US
Morgan Stanley has been fined a total of $350,000 after the CFTC found it had omitted data from its Large Trader reports.
Morgan Stanley fined $500k for overcharging clients
Clients of Morgan Stanley were overcharged more than $1.5 million for exchange and clearing fees.
Citi taps Morgan Stanley for futures clearing and collateral sales head
Jason Massey worked as an executive director for listed derivatives sales at Morgan Stanley for more than seven years.
European Commission finally shuts down SI loophole
Potential loophole within the systematic internaliser regime under MiFID II has been source of controversy for months.
MiFID II’s SI regime to herald new age of fragmentation
Industry estimates on the number of registered systematic internalisers suggests the market will see fragmentation increase severely.
Ex-Thomson Reuters CEO named as Morgan Stanley’s lead director
Thomas Glocer, formerly CEO at Thomson Reuters, joined the board of directors at Morgan Stanley in 2013.