United States:
Morgan Stanley To Settle RMBS Securities Claims By The SEC For $275 Million
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On February 25, Morgan Stanley disclosed that it had reached an
agreement in principle with the SEC staff to pay $275 million in
disgorgement and penalties in settlement of an investigation into
subprime RMBS sponsored and underwritten by Morgan Stanley in
2007. The settlement would cover alleged violations of
Sections 17(a)(2) and 17(a)(3) of the Securities Act, and Morgan
Stanley would neither admit nor deny the allegations. The
settlement remains subject to final approval by the
Commission. SEC Filing.
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