Massachusetts regulators fine Morgan Stanley over First Republic insider sales By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
0mins
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.
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.
