Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
MS-PA.US
id: 1049
Morgan Stanley (MS) Settlement of DoJ and SEC Investigations Case
- On May 2, 2023, Morgan Stanley announced negotiations with the U.S. DoJ and the SEC on resolution of investigations.
- On it, $MS fell 1.38%, losing $481M+ of shareholder value.
- Investors may have grounds to suspect Morgan Stanley of regulatory setbacks, which led to their losses.
On May 2, 2023, Morgan Stanley announced that it was in settlement talks with the U.S. Department of Justice and the Securities and Exchange Commission regarding potential resolution of investigations into Morgan Stanley’s block trading business.
On this news, $MS fell 1.38% and lost over $418 million of its market capitalization, seriously damaging shareholders.
Considering all the information, investors might have grounds to suspect Morgan Stanley of block trading violations, which led to their losses.
The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05/03/2023