Tag Archives: Financial Industry Regulatory Authority
Morgan Stanley Hit with $13 Million Penalty for Failure to Supervise Salespeople
According to a recent announcement, the Financial Industry Regulatory Authority (FINRA) has penalized Morgan Stanley Smith Barney LLC approximately $13 million for failure to supervise its salespeople’s short-term trades of unit investment trusts. This $13 million includes a fine of $3.75 million and about $9.78 million in restitution to the more than 3,000 customers affected […]
