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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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August 20, 2014
18:29 EDTMSBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
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August 18, 2014
06:47 EDTMSU.S. banks consider Ireland fitting spot for EU divisions, FT says
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August 15, 2014
06:48 EDTMSMorgan Stanley settles overtime pay suit with $4.2M, Reuters says
Morgan Stanley and sales assistants in the firm's wealth management division system who alleged that they were owed overtime compensation finally agreed to settle the matter with $4.2M, according to Reuters, citing comments from a company spokeswoman in an e-mail. The spokeswoman said, “Morgan Stanley maintains robust policies to ensure that non-exempt employees are paid for all time worked. However, with this settlement we will put an end to protracted and expensive litigation that is a distraction from our business.” Reference Link
August 13, 2014
06:19 EDTMSBanks pressing Federal Reserve to delay rule on investments, WSJ says
Banks are pushing U.S. policy makers for a delay of a rule that requires them to sell investments in private-equity and venture-capital funds, reports the Wall Street Journal. According to people familiar with the effort, bank officials, trade groups and lawmakers are lobbying the Federal Reserve to delay the rule for up to seven years that limits banks' investments. Reference Link
August 12, 2014
07:48 EDTMSBanks posted second-highest profit in 23 years in second quarter, WSJ says
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August 8, 2014
07:18 EDTMSRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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