All overbilling articles

  • Blog post

    Barclays to pay $97M for overcharging clients

    2017-05-10T12:30:00Z

    In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million, the SEC announced.

  • Blog post

    Morgan Stanley to pay $13M for overbilling clients

    2017-01-13T14:45:00Z

    The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors. The firm also violated the custody rule pertaining to annual surprise examinations. ...