Morgan Stanley to Settle RMBS Securities Claims by the SEC for $275 Million

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Explore:  Morgan Stanley RMBS SEC

On February 25, Morgan Stanley disclosed that it had reached an agreement in principle with the SEC staff to pay $275 million in disgorgement and penalties in settlement of an investigation into subprime RMBS sponsored and underwritten by Morgan Stanley in 2007. The settlement would cover alleged violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act, and Morgan Stanley would neither admit nor deny the allegations. The settlement remains subject to final approval by the Commission. SEC Filing.

Topics:  Morgan Stanley, RMBS, SEC

Published In: Business Torts Updates, Finance & Banking Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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