Morgan Stanley settles Delaware case over improper trading

[JURIST] Morgan Stanley [corporate website] has agreed to a $700,000 settlement over claims of improper trading in a couple's brokerage account, the Delaware Department of Justice [official website] said Tuesday. According to a 2003 complaint filed by the Securities Division [official website] of the department, two Morgan Stanley brokers made hundreds of unauthorized transactions on the Delaware couple's account. The settlement amount will largely be used to compensate the couple for losses. AP has more.

 

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