Morgan Stanley hit with $2.6 billion penalty

The Justice Department yesterday announced that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to Morgan Stanley’s marketing, sale and issuance of residential mortgage-backed securities. This settlement constitutes the largest component resolutions with Morgan Stanley entered by members of the RMBS Working Group, which have ...

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.