Finra spanks Morgan Stanley over sales of high-risk stocks
![Finra Morgan Stanley high-risk](https://s32566.pcdn.co/wp-content/uploads/2022/11/Finra-03-951x634.jpg.optimal.jpg)
The Finra penalty included a fine of $200,000 and restitution to clients of $498,000 plus interest.
The Financial Industry Regulatory Authority Inc. said Tuesday that it had penalized Morgan Stanley $698,000 for several years of failing to supervise brokers' sales of high-risk securities, including a Chinese telecom stock.
From January 2014 through December 2018, Morgan Stanley failed to reaso
Learn more about reprints and licensing for this article.