Morgan Stanley to pay $7.5 mln for charges-SEC
WASHINGTON, Oct 10 (Reuters) - Morgan Stanley agreed to pay $7.5 million to settle charges that it provided customers with insufficient written trade confirmations for municipal securities and bonds, the Securities and Exchange Commission said on Wednesday.
From 2000 to 2006 Morgan Stanley Dean Witter, Inc, a subsidiary of Morgan Stanley, gave customers trade confirmations that had missing or incorrect information relating to yield, call data and other bond features, the SEC said.
The SEC also said Morgan Stanley had agreed to pay the settlement without admitting or denying the commission's findings in its investigation.
