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Market Chatter: Morgan Stanley Wealth Management Arm Probed by Federal Regulators
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Market Chatter: Morgan Stanley Wealth Management Arm Probed by Federal Regulators
Apr 11, 2024 12:02 PM

02:40 PM EDT, 04/11/2024 (MT Newswires) -- The US Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are investigating Morgan Stanley ( MS ) over how it vets clients who are at risk of laundering money through the bank's wealth-management division, The Wall Street Journal reported Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 87.10, Change: -4.55, Percent Change: -4.96

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