01:22 PM EDT, 05/06/2025 (MT Newswires) -- Morgan Stanley ( MS ) said Monday the US Securities and Exchange Commission concluded its investigation into the company's cash sweep program for advisory accounts and doesn't intend to pursue enforcement action.

Advisory and retirement account holders had alleged that the company failed to pay a reasonable interest rate on its cash sweep program, according to a regulatory filing.

The plaintiffs sought unspecified compensatory damages as well as equitable and injunctive relief, Morgan Stanley ( MS ) said.

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