What’s Another $10 Million Among Enemies?

After shelling out $15 million last month to settle charges that it had withheld emails repeatedly from regulators, Morgan Stanley agreed to pay another $10 million for failing to maintain and enforce anti-insider trading measures among its employees. “Morgan Stanley failed to conduct any surveillance of a massive number of employee accounts held at the firm and trading in certain securities in those and other accounts,” says the settlement announcement. We’ve got two words for you: Rounding Error.
Another Fine for Morgan Stanley [The Street]

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