Morgan Stanley expects $200 million fine for misuse of personal devices
![personal devices](https://s32566.pcdn.co/wp-content/uploads/2022/07/Morgan-Stanley-3-1-951x634.jpg.optimal.jpg)
Meanwhile, the firm's wealth management franchise reported positives for the second quarter despite the broad stock market decline seen so far this year.
Morgan Stanley expects to pay a $200 million fine related to a broad U.S. investigation into the use of unapproved personal devices, according to its earnings statement.
That amount is based on discussions the firm has had with the Securities and Exchange Commission and the Commodity Futures Trad
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