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MS-PA.US
id: 1049, Created by , Scout

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.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 May 2023
Collecting participants…

Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Midd...

    Ticker
    MS-PA.US
    CIK
    895421
    Sector
    Financial Services
    Industry
    Capital Markets
    Country
    USA
    Address
    1585 Broadway, New York, NY, United States, 10036