Ask DrBob Message Board - Msg: 19504697

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Drbob512 who started this subject	11/15/2003 9:20:06 AM
From: shoreco	Read Replies (1) of 100058

Morgan Stanley earned a commission to sell trash to clients... Well maybe not trash, but they did get paid to pimp... Reuters SEC Says New Complaint Vs Morgan Stanley Saturday November 15, 3:09 am ET WASHINGTON (Reuters) - The Securities and Exchange Commission is preparing a complaint against investment bank Morgan Stanley for failing to tell customers it had received compensation in return for sales of specific mutual funds, the Washington Post reported on Saturday The newspaper said the complaint could be filed as early as Monday. It cited unidentified sources for its report, saying officials at Morgan Stanley and the SEC had declined comment. Morgan Stanley disclosed last month the SEC was considering enforcement action for its "alleged failure to disclose the sources, types and amounts of compensation received by it from investment companies for selling their products" to investors. The investment bank has already been fined $2 million by the National Association of Securities Dealers for improper sales contests for mutual fund brokers and managers. The NASD is the securities industry's principle self-regulatory body. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next