The Fed issues a consent order against Morgan Stanley (MS -1.4%) over "misconduct and...

|About: Morgan Stanley (MS)|By:, SA News Editor

The Fed issues a consent order against Morgan Stanley (MS -1.4%) over "misconduct and negligence" in its residential mortgage loan servicing and foreclosure processing. The Fed expects to fine MS, which wasn't part of the recent $26B settlement with five major banks. (PR)