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Stock Market & Financial Investment News

News Breaks
March 24, 2014
11:46 EDTMSMorgan Stanley Capital Group ordered to pay $200,000 penalty by CFTC
The U.S. Commodity Futures Trading Commission announced that Morgan Stanley Capital Group agreed to pay a $200,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in soybean meal futures contracts trading on the Chicago Board of Trade. The CFTC Order finds that, beginning on January 14, 2013, MSCGI held in its house accounts net long positions in the CBOT soybean meal futures contract in excess of the all-months speculative position limit of 6,500 contracts established by the CFTC. The Order further finds that, on January 15, 2013, MSCGI decreased its net long position in CBOT soybean meal futures, but its position still exceeded the soybean all-months position limit. On January 16, 2013, MSCGI reduced its position below the CBOT soybean meal position limit, according to the CFTC Order. In addition to imposing the $200,000 civil monetary penalty, the CFTC Order requires MSGCI to cease and desist from further violations of Section 4a(b)(2) of the Commodity Exchange Act and CFTC Regulation 150.2, as charged.
News For MS From The Last 14 Days
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May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
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06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
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May 14, 2015
06:04 EDTMSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
09:32 EDTMSMorgan Stanley fined $2M by FINRA for short interest reporting, rule violations
FINRA announced that it has fined Morgan Stanley & Co. LLC $2M for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. FINRA found that Morgan Stanley, over several years, failed to completely and accurately report its short interest positions in certain securities involving billions of shares. FINRA also found that the firm's supervisory system was deficient because it failed to detect and prevent these violations over an extended period of time. FINRA found that over a seven-year period, Morgan Stanley included positions from the accounts of non-broker-dealer affiliates in a number of aggregation units when determining each unit's net position. FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations. In concluding this settlement, Morgan Stanley neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
May 12, 2015
14:13 EDTMSBove says it may be time to buy bank stocks
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07:48 EDTMSStandard & Poor's to hold a summit
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