Morgan Stanley fined $13M by FINRA

FINRA has bought Morgan Stanley (MS -0.7%) to pay $13M in fines and restitution to customers for improperly monitoring specific short-term trades.

The activity happened in between January 2012 and June 2015.

Numerous Morgan Stanley brokers recommended countless customers to offer system financial investment trusts before the items had grown and to roll them over into brand-new ones.

Now check out: Bank of America, JPMorgan (NYSE: JPM) And Morgan Stanley Look Hard To Knock-Off In Wealth Management.

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