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Morgan Stanley Faces $10 Million Fine for Failure to Preserve Email

Posted in NEWS & UPDATES

AP Business reported Tuesday that Morgan Stanley (“Morgan”) is facing a Securities and Exchange Commission (“SEC”) fine of roughly $10 million in connection with a failure to preserve email.

The Wall Street Journal reported that the email may have been relevant to significant SEC actions against Morgan. It also reported that the SEC is alleging that Morgan falsely certified a document stating that it had produced all documents in connection with an investigation.

The AP story can be found here.