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Morgan Stanley, SEC in proposed $275M settlement of mortgage bond probe

  • Morgan Stanley (MS) reveals in its annual 10-K filing that it has reached a preliminary agreement to pay $275M to settle an SEC investigation into subprime mortgage bond trades from 2007.
  • The deal in principle, reached on Jan. 30, would resolve allegations that the bank misled investors in mortgage bonds that collapsed during the financial crisis.
  • Overall, MS said in the filing that litigation expenses totaled $1.95B last year, which includes the SEC case as well as a recently announced agreement to settle a $1.25B dispute with the Federal Housing Finance Agency.
Comments (2)
  • curreyr
    , contributor
    Comments (723) | Send Message
     
    pfft $275M drop in a bucket

     

    paid to whom?
    25 Feb 2014, 05:38 PM Reply Like
  • hogs&hawks
    , contributor
    Comments (3) | Send Message
     
    It's amazing how a criminal organization just pays $275m but is not guilty.
    2 Mar 2014, 10:21 PM Reply Like
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