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US CFTC fines Morgan Stanley $490,000 for client fund issues
March 27, 2014 / 5:00 PM / 3 years ago

US CFTC fines Morgan Stanley $490,000 for client fund issues

WASHINGTON, March 27 (Reuters) - The Commodity Futures Trading Commission on Thursday fined Morgan Stanley Smith Barney LLC $490,000 for violating rules that tell banks how to segregate client funds from other money in the bank’s books.

The Morgan Stanley unit, a so-called Futures Commission Merchant, simultaneously settled the charges. (Reporting by Douwe Miedema)

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