Morgan Stanley was fined $2 million by a Massachusetts regulator over stock sales by a First Republic executive in the months leading up to the California lender’s collapse last year.

M assachusetts’ securities regulator fined Morgan Stanley $2 million for allegedly failing to properly monitor insider securities sales by a former CEO of First Republic Bank in the months prior ...

Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts ...

In addition to the $2 million fine, Morgan Stanley has been ordered to conduct an internal review of its policies and to provide training to its broker-dealers in Massachusetts on the prevention ...

Morgan Stanley agreed to pay $2 million to settle the investigation by the Massachusetts securities regulator. The bank neither admitted nor denied wrongdoing.

Morgan Stanley has been fined $2 million in Massachusetts for its role in the sale of First Republic Bank stock in the lead-up to its collapse in 2023. According to a statement from the office of ...

Morgan Stanley failed to properly vet the former First Republic CEO, identified as "Customer One," who sold over $6.8 million in First Republic stock from February 2022 to March 2023 — just ...

Massachusetts securities regulators have fined Morgan Stanley $2 million for failing to properly monitor trades by a First Republic Bank insider before the bank failed, according to a spokesperson ...

Morgan Stanley fined $2 million for failing to monitor First Republic executive's stock sales. James Herbert II, First Republic's executive chairman, sold $6.8 million in stock before the bank's ...

In the months before it failed last year, the executive chairman of First Republic Bank FRCB 0.00 % increase; green up pointing triangle sold more than $6.8 million worth of stock through Morgan ...

Massachusetts’ securities regulator fined Morgan Stanley $2 million for allegedly failing to properly monitor insider securities sales by a former CEO of First Republic Bank in the months prior ...