Category: ETFs

Morgan Stanley fine
February 14, 2017 BY LeapRate Staff

Morgan Stanley pays $8 million SEC fine for Inverse ETF recommendations

The U.S. Securities and Exchange Commission has announced that the Morgan Stanley Smith Barney unit of investment bank Morgan Stanley (NYSE:MS) has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s order finds that Morgan Stanley did not…

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