Massachusetts regulators fine Morgan Stanley over First Republic insider sales By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
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Should l Buy ?
Source: Investing.com
Morgan Stanley Fined: Massachusetts regulators have imposed a $2 million fine on Morgan Stanley for failing to monitor trades by a First Republic Bank insider, specifically regarding potential insider trading before the bank's failure.
Policy Review Required: As part of the settlement, Morgan Stanley must enhance its policies to ensure greater scrutiny of stock sales by executives in public companies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
