France’s financial market regulator AMF has fined Morgan Stanley €20 million (U.S. $22.2 million) for manipulating the price of French and Belgian government bonds in June 2015.

According to AMF, Morgan Stanley manipulated 14 French government bonds (OAT) and eight Belgian bonds (OLO). It also manipulated the price of an OAT futures contract, AMF said.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...