Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block trading practices.
“The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the U.S. Securities and Exchange Commission and the US Attorney’s Office for the Southern District of New York into various aspects of the firm’s blocks business,” the bank said Tuesday in a regulatory filing.
The firm has previously said inquiries focus on whether employees shared or used information regarding impending block transactions in violation of securities regulations….
Source: Morgan Stanley in Talks to Resolve US Block Trading Probes – Bloomberg
