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CFTC orders Morgan Stanley to pay $300,000 penalty
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Derivatives, Dodd-Frank Basics, Financial Stability
Tuesday, August 11, 2015
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The Commodity Futures Trading Commission issued an order requiring Morgan Stanley & Co, LLC to pay a $300,000 civil monetary penalty for failing to hold sufficient U.S. dollars in segregated accounts in the United States to meet all of its U.S. dollar obligations to cleared swaps customers. The commission also found that the bank also failed to diligently supervise its personnel to ensure compliance. Read on for more details.
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