Morgan Stanley's wealth-management unit is under scrutiny by multiple federal regulators, including the SEC, Treasury, and OCC, according to reports from the Wall Street Journal. The probes are focused on how the bank investigates the identities of prospective clients, their sources of wealth, and monitors clients' financial activities to prevent potential money laundering. Following the news of these investigations, shares of Morgan Stanley dropped by as much as 6.5%.
Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports https://t.co/GIFbg9okgt https://t.co/NP1fi27opq
Morgan Stanley dropping on reports of a probe into how the investment bank vets its wealth management clients. @karenfinerman, @timseymour, @GuyAdami and @grassosteve weigh the implications ahead of bank earnings. $MS https://t.co/pHJE46ccxW
LISTEN NOW: Shares of Morgan Stanley fell after a report that multiple federal agencies are looking into how its wealth management unit vets clients for money laundering risks. Listen to the @CNBCFastMoney podcast here: https://t.co/2KdGymzp3L https://t.co/IVQZmPK2MN
More US regulators join Morgan Stanley wealth management probe https://t.co/TbJT7v2uIx
Morgan Stanley stock falls as feds reportedly scrutinize bank's wealth unit https://t.co/Yil9uWYWRT
Morgan Stanley stock falls as feds reportedly scrutinize its wealth unit https://t.co/OPSF32Jffj
Shares Of Morgan Stanley Sink After Multiple Federal Regulators Probe Wealth-Management Practices https://t.co/QB1GMlt5CA
Morgan Stanley’s wealth-management arm reportedly probed by multiple agencies https://t.co/jQawEEUuYA https://t.co/cNIecjQq05
🚨BANKS 📉🚨 Regulatory Probes Send MS 📉 🔴Stock Tumbling -6% Amid Money Laundering Risk Concerns 🔴 Multiple regulatory bodies launch investigations into Morgan Stanley's wealth management arm. $MS https://t.co/RnfPwthqZZ
Morgan Stanley shares slid after a report that a cadre of US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients https://t.co/RRAeKLowpX https://t.co/w7HhlQGsdm
Regulators are looking to boil down whether Morgan Stanley has been sufficiently investigating the identities of prospective clients and where their wealth comes from https://t.co/xeJMVPbuFA https://t.co/xeJMVPbuFA
Morgan Stanley Stock Drops After Report on Probes of Wealth Unit https://t.co/y74bBzv0Qd
Shares of Morgan Stanley slid as much as 6.5% after a report of probes into the bank's efforts to prevent potential money laundering by wealthy clients https://t.co/jrQCg65GTo
Morgan Stanley Stock Drops Sharply After WSJ Report of Fed Probes https://t.co/pkWsKLFg3u
Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports https://t.co/4In1lBhXIX https://t.co/v97nqHjoyv
Morgan Stanley wealth management being probed by regulators
MORGAN STANLEY’S WEALTH ARM PROBED BY MULTIPLE FEDERAL REGULATORS - WSJ
Multiple federal regulators are probing Morgan Stanley over how it vets clients who are at risk of laundering money through the bank’s wealth-management division. Via @AAndriotis https://t.co/pYtXthxqI9
⚠️ MORGAN STANLEY'S WEALTH ARM IS BEING PROBED BY MULTIPLE REGULATORS, WSJ REPORTS Full Story → https://t.co/CAxnbg6lac Morgan Stanley's wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday citing people familiar with the… https://t.co/OSb0uDU4S6
Morgan Stanley's wealth-management unit is being probed by several federal regulators over how it vets clients who are at risk of laundering money Source: WSJ https://t.co/0kszREvXVW
*SEC, TREASURY, OCC PROBE MORGAN STANLEY'S WEALTH ARM: WSJ *MORGAN STANLEY DROPS 6.5% AFTER REPORT ON WEALTH UNIT PROBE
Morgan Stanley's, $MS, wealth-management unit probed by multiple federal regulators, per WSJ. They are investigating whether $MS investigates the identities of prospective clients and where their wealth comes from, as well as how it monitors its clients' financial activity.
$MS Morgan Stanley wealth management being probed ny regulators... When are they probing the BLS?
Morgan Stanley’s Wealth Arm Probed by Multiple Federal Regulators - @WSJ https://t.co/zcIoVg8Rrc
Multiple federal regulators are probing Morgan Stanley over how it vets clients who are at risk of laundering money through the bank’s sprawling wealth-management division. Scoop from @AAndriotis https://t.co/8d956Y803Y
*Morgan Stanley's Wealth-Management Unit Probed by Multiple Federal Regulators, Sources Say -- WSJ
*Morgan Stanley's Wealth-Management Unit Probed by Multiple Federal Regulators, Sources Say -- WSJ $MS