Morgan Stanley to pay $3.2b financial crisis settlement - 02/11/2016

In the Margins

Morgan Stanley to pay $3.2b financial crisis settlement

February 11, 2016

By Reuters

Morgan Stanley will pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities Group, a joint federal and state task force unveiled in 2012 by President Barack Obama that serves to investigate potential misconduct from the financial crisis. Read the original story from Reuters.

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