Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (107660)	8/29/2000 9:34:24 PM
From: H James Morris	Respond to of 164684

>Yes and did you know Did you know I own shares in Morgan Stanley? >Reuters Morgan Stanley Dean Witter & Co. agreed to pay $476,702 to settle charges the brokerage firm failed to detect and prevent unnecessary mutual fund switching fees. The Securities and Exchange Commission said the firm's Atlanta office in the mid-1990s violated anti-fraud provisions of the federal securities laws by repeatedly taking customers' money out of one mutual fund and putting it into another, charging fees for each transaction. Morgan Stanley, a broker-dealer registered with the SEC, NYSE and Nasdaq, consented to the order without admitting or denying the commission's finding, which grew out of an administrative proceeding. The payment includes a $200,000 fine and $276,702 that must be returned to customers who were unnecessarily forced to pay $157,000 in sales charges, the SEC said. Interest and other expenses were tacked on to the repayment. Morgan Stanley did not immediately return a telephone call seeking comment. Its shares rose $1.63 to close at $102.88 on the NYSE.