Morgan Stanley fined over lack of disclosure

The bank will pay $800,000 for failing to reveal potential conflicts of interest in its analyst research notes


Associated Press
August 10, 2010 10:24PM (UTC)

Morgan Stanley is being fined $800,000 for failing to disclose potential conflicts of interest in its analyst research notes.

The Financial Industry Regulatory Authority announced the fine Tuesday. Morgan Stanley self-reported the violations to FINRA, an independent regulator of investment companies.

Advertisement:

FINRA says Morgan Stanley didn't properly alert clients about relationships the bank might have with the companies being covered in the research notes. Big investment banks have separate divisions that provide research and analysis to customers about publicly traded companies.

Morgan Stanley failed to provide proper disclosures between April 2006 and June 2010.


Associated Press

MORE FROM Associated Press

Related Topics ------------------------------------------

Bank Reform



Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •