Morgan Stanley will pay a $1.6 million fine levied by the Financial Industry Regulatory Authority (FINRA) for failing to close out certain municipal securities transactions over a five-year period.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...