Morgan Stanley was fined $2 million by a Massachusetts regulator over stock sales by a First Republic executive in the months leading up to the California lender’s collapse last year.

In addition to the $2 million fine, Morgan Stanley has been ordered to conduct an internal review of its policies and to provide training to its broker-dealers in Massachusetts on the prevention ...

Morgan Stanley failed to properly vet the former First Republic CEO, identified as "Customer One," who sold over $6.8 million in First Republic stock from February 2022 to March 2023 — just ...

Morgan Stanley fined $2 million for failing to monitor First Republic executive's stock sales. James Herbert II, First Republic's executive chairman, sold $6.8 million in stock before the bank's ...

Massachusetts’ securities regulator fined Morgan Stanley $2 million for allegedly failing to properly monitor insider securities sales by a former CEO of First Republic Bank in the months prior ...