A Collaboration with University of Pittsburgh   

Morgan Stanley settles Delaware case over improper trading

[JURIST] Morgan Stanley [corporate website] has agreed to a $700,000 settlement over claims of improper trading in a couple's brokerage account, the Delaware Department of Justice [official website] said Tuesday. According to a 2003 complaint filed by the Securities Division [official website] of the department, two Morgan Stanley brokers made hundreds of unauthorized transactions on the Delaware couple's account. The settlement amount will largely be used to compensate the couple for losses. AP has more.

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.