morgan

Possible Automated Action Detected!

“We don’t know what view the regulator requires on banks holding large stakes in insurance providers. An analyst with Morgan Stanley detected the error in January 2020 and “escalated the challenge,” but it was not resolved till the following month, and the firm continued to publish reports with inaccurate pricing data in the meantime. The fine, levied by industry regulator Finra, resolves charges that these reports contained stock-price tag charts with inaccurate historical ratings, amounting to a violation of Finra guidelines governing investigation and reporting and standards of conduct. I’m on the capital goods team in Europe, and we cover...