SEC gives Morgan Stanley a $5 million slap over short sales
The firm separated hedges into two buckets, which is a Reg SHO no-no
The Securities and Exchange Commission has settled charges against Morgan Stanley & Co. for violations of Regulation SHO, which governs short sales, and imposed a $5 million penalty along with a censure.
According to the SEC’s order, Morgan Stanley’s prime brokerage swaps business violate
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