Massachusetts Charges Morgan Stanley with “Dishonest and Unethical Conduct” Over High-Pressured Sales Contests i

Morgan Stanley

Morgan Stanley charged with running unethical sales contests: regulator


Massachusetts’ top securities regular on Monday charged Morgan Stanley (MS.N) with “dishonest and unethical conduct” for having run high-pressured sales contests in Massachusetts and Rhode Island.

Secretary of the Commonwealth William Galvin charged that Morgan Stanley brokers pushed so-called “securities based loans” in order to boost business.

More to come…


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