Massachusetts files complaint against Morgan Stanley on funds from sales
Secretary of State William F. Galvin charge of financial services giant Morgan Stanley yesterday, hide and seek with the truth about how brokerage and management strengths to compensate for the turnover and investment certificates New York Attorney General Eliot Spitzer - the head lead prosecutor regulators’ $ 1.4 billion colony of Wall Street with companies this year - applauded the move as an example of what the state regulator to protect individual investors.
Morgan Stanley quickly an excuse for Galvin and promised cooperation with its ongoing investigation into its compensation practices for investment funds turnover.
Trains are in a fight for Congress, the role of government regulation of police work in securities industry. A House subcommittee approved a bill last week would mean that the capacity of the State authorities as Galvin.
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