Morgan Stanley has reached agreements in principle totaling $200 million with two U.S. regulators to settle charges its employees used messaging platforms not approved by the financial services company.
In a regulatory filing Friday, Morgan Stanley said it reached a $125 million agreement with the Securities and Exchange Commission (SEC) and will pay an additional $75 million to the Commodity Futures Trading Commission (CFTC) “to resolve record-keeping related investigations by those agencies relating to business communications on messaging platforms that had not been approved by the firm.”
