SEC Charges Morgan Stanley with Inadequate Disclosure in Mutual Fund Sales

Morgan Stanley Pays $50 Million To Settle SEC Action

Washington, D.C. — The Securities and Exchange Commission today announced the institution and simultaneous settlement of an enforcement action against Morgan Stanley DW Inc. (Morgan Stanley) for failing to provide customers important information relating to their purchases of mutual fund shares. As part of the settlement, Morgan Stanley will pay $50 million in disgorgement and penalties, all of which will be placed in a Fair Fund for distribution to certain Morgan Stanley customers.

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