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NEW YORK, Could 4 (Reuters) – Morgan Stanley (MS.N) disclosed in a filing on Wednesday that it is responding to “requests for data from regulators concerning its compliance with document-holding requirements.”
The ask for is related to business enterprise communications on messaging platforms that had been not permitted by the agency, the financial institution claimed in a regulatory submitting.
Reuters documented previous October that the U.S. Securities and Trade Fee (SEC) was searching in to how Wall Road banks stored track of employees’ operate-linked digital communications, this kind of as text messages and e-mail. read through additional
Morgan Stanley also mentioned on Wednesday that it could deal with civil liabilities from statements filed by block trade transaction participants or other persons “who contend they had been harmed … as a end result of a share price tag decrease allegedly triggered by the things to do of the Business and/or its staff.”
In February, Morgan Stanley disclosed that U.S. regulators and prosecutors ended up probing a variety of facets of its investment decision bank’s block trading small business. That disclosure followed stories that the U.S. Securities and Trade Fee (SEC) was investigating regardless of whether economic executives had broken principles by tipping off hedge resources forward of substantial income of shares, regarded as “block trades”. read through much more
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Reporting by Elizabeth Dilts Marshall in New York
Editing by Chris Reese and Matthew Lewis
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