Morgan Stanley
Tax & Regulation | 10 Mar 17
Former Morgan Stanley adviser banned for life in Australia
A former Morgan Stanley Wealth Management financial adviser has been banned for life in Australia for not acting in the best interests of his clients.
North America | 15 Feb 17
Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
North America | 6 Feb 17
US adviser stole $5m for private jet service and Vegas house
A former Morgan Stanley investment adviser has been charged with stealing around $5m (£4m, €4.6m) from clients to rent a home in Las Vegas, pay for country club membership, and a private jet service.
North America | 3 Feb 17
Trump slams brakes on fiduciary rule
Donald Trump is to sign a directive halting the implementation of the Department of Labor’s fiduciary rule, which requires financial advisers of retirement products to act in the best interests of their clients.
Morgan Stanley vows to keep commissions despite US reforms
Morgan Stanley, one of the largest wealth management firms in the US, has confirmed it will keep commission-based retirement accounts when the Department of Labour’s (DoL) fiduciary rule comes in to effect in April.