Markets

Morgan Stanley fined $5 million by the SEC over trading fees

Morgan Stanley will pay a $US5 million fine to the Securities and Exchange Commission over allegedly misleading some customers and charging hidden trading fees. The bank’s Smith Barney unit sold clients a “wrap fee” meant to cover investment advice and brokerage services. The SEC alleges that, from October 2012 to […]
Morgan Stanley fined $5 million by the SEC over trading fees