$15,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts

Morgan Stanley’s wealth management arm will pay a multi million-dollar penalty after allegedly failing to stop four former financial advisors from stealing cash from customer accounts. The U.S. Securities and Exchange Commission (SEC) is charging Morgan Stanley Smith Barney (MSSB) for failing to adopt measures and policies that could have prevented four ex-financial advisors from […] The post... source: https://dailyhodl.com/2024/12/14/15000000-fine-hits-us-banking-giant-after-employees-allegedly-drain-millions-from-wealthy-customers-accounts/