Morgan Stanley pays $249m to settle block trading allegations

Morgan Stanley agrees settlement to end long-running US investigation into sharing of non-public information.

Morgan Stanley has agreed to pay $249.4m to end years-long criminal and civil investigations into its handling of large stock trades for customers, US authorities have confirmed. The payment includes fines, restitution and the forfeiture of ill-gotten gains.

The settlements with the DOJ and SEC resolve charges of securities fraud

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