WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) said on Wednesday Morgan Stanley agrees to pay $5 million for violations in it prime brokerage swaps business.
The firm did not admit or deny the regulator’s charges, but has consented to a cease-and-desist order, which imposing a censure, in addition to paying the penalty, the SEC said.
(Reporting by Katanga Johnson)
