Fed Probes Morgan Stanley's International Wealth-Management Practices
Portfolio Pulse from Charles Gross
The Federal Reserve is investigating Morgan Stanley's international wealth-management practices, according to the Wall Street Journal. The details of the investigation are not yet clear.
November 08, 2023 | 10:21 pm
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Morgan Stanley is under investigation by the Federal Reserve for its international wealth-management practices. The impact of this investigation on the company's stock is uncertain at this time.
Regulatory investigations can have a significant impact on a company's reputation and financial performance. However, without more details about the nature and potential outcomes of the investigation, it's difficult to predict the exact impact on Morgan Stanley's stock.
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