Skip to Primary Navigation

Morgan Stanley pays $249m to settle block trading allegations

Image of the big board listing stocks at the NYSE.
Photo: Michael M. Santiago/Getty Images

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

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience