Morgan Stanley reaches agreements to resolve SEC, CFTC investigations
Morgan Stanley (XS1398274222) said on Friday it had reached agreements with two regulatory agencies to resolve record-keeping investigations about business communications on messaging platforms not approved by the bank.
The bank said it reached agreements in principle with the Securities and Exchange Commission (SEC) for $125 million and the Commodity Futures Trading Commission (CFTC) for $75 million, according to a filing. (https://bit.ly/3dbBlYD)
Reuters reported last October the SEC was looking in to how Wall Street banks kept track of employees' work-related digital communications, such as text messages and emails.