Morgan Stanley in discussions with prosecutors, regulators to resolve block-trading probes
The firm disclosed the investigations last year, and said it faces potential civil liability from allegations that it caused stock prices to drop before completing a block trade.
Morgan Stanley said it’s in talks with U.S. prosecutors and regulators to resolve a probe into its block-trading practices.
“The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the Securities and Exchange Commission
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