Morgan Stanley Hit with $15 Million Fine for Employee Theft
Morgan Stanley’s wealth management division is paying a hefty $15 million fine after four former advisors allegedly stole millions from client accounts. Lax Security Allowed Millions in Theft The Securities and Exchange Commission (SEC) claims Morgan Stanley Smith Barney (MSSB) failed to implement proper safeguards to prevent the theft. Between 2015 and 2022, these advisors…
