Wednesday, May 9, 2007

UPDATE 1-Morgan Stanley settles SEC best execution case

(Reuters) - The Wall Street firm failed to provide the best execution for more than 1.2 million transactions valued at about $8 billion from 2001 through 2004, the market regulator said.

Morgan Stanley settled the SEC's allegations without admitting or denying any wrongdoing. It also agreed to cease and desist from committing future violations.


Read more at Reuters.com Government Filings News

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