Published 1 month ago

Morgan Stanley’s Wealth Arm Probed by Multiple Federal Regulators

Morgan Stanley's wealth management arm is under investigation by multiple regulators, including the US Securities and Exchange Commission.
The probe also involves the Office of the Comptroller of the Currency and other Treasury Department offices.
Following the news of the investigation, the bank's shares dropped by 4.8% in late trading to $87.17.

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Reuters

Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports

Morgan Stanley's wealth management arm is being probed by multiple regulators, the Wall Street Journal reported, opens new tab on Thursday, citing people familiar with the matter.

1 month ago·United Kingdom

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Hindustan Times

Morgan Stanley's wealth arm being probed by multiple US regulators: What we know

Following the reports of probe by multiple regulators, the bank's shares fell 4.8% in late trading to $87.17.

1 month ago·New Delhi, India

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Globo

Morgan Stanley shares fall 5% as regulators investigate wealth management

Authorities examine the bank's efforts to prevent possible money laundering by wealthy clients, according to a report in the “Wall Street Journal”

1 month ago·Brazil

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Benzinga

Regulators Probe Morgan Stanley's Wealth-Management Division: Report - Morgan Stanley (NYSE:MS)

Multiple federal regulators are reportedly investigating Morgan Stanley (NYSE:MS) over its client vetting processes amid concerns of potential money laundering within its wealth-management division. The Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency, and other Treasury Department offices are involved, alongside the Federal Reserve, which initiated a similar inquiry last November, signaling potential super…

1 month ago·New York, United States

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The Straits Times

Morgan Stanley shares tumble on report of US probes into wealth unit

US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients., WSJ said. Read more at straitstimes.com.

1 month ago·Singapore

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Business Insider

Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ

Federal regulators are probing Morgan Stanley's wealth-management business to find out more about the division's vetting process for wealthy clients.Mike Kemp/In Pictures via Getty ImagesMore federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal.The SEC sent the bank a list of clients with questions about how they were screened, per the report.One client includes a Russian-linked billi…

1 month ago·United States

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