In the Margins

Technical glitch costs Morgan Stanley $1.5m

December 2, 2016

By InvestmentNews

FINRA has fined Morgan Stanley Smith Barney $1.5 million for failing to deliver prospectuses to clients, the result of technical failures—including a broken online link that prevented access to the documents. According to the FINRA settlement, a November 2013 system update failed to ensure an appropriate online link was installed for clients who wanted to review certain fund prospectuses. Read the original story from InvestmentNews.

 

 

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