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SEC, Morgan Stanley settle charges related to inverse ETFs

The wirehouse is settling charges related to single inverse ETF investments it recommended to advisory clients, many of whom experienced losses.

Morgan Stanley has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients, the Securities and Exchange Commission said Tuesday in a release.

The SEC's order said that Morgan Stanley did not adequately i

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