From Dow Jones & Company:

Morgan Stanley has agreed to pay $249 million to settle criminal and regulatory investigations into employees improperly sharing information about clients’ stock sales. The long-running probe into how the bank sold large blocks of stock for institutional investors has come to an end. As part of the resolution, Morgan Stanley obtained a nonprosecution agreement, meaning it won’t face criminal charges as long as it cooperates with ongoing requests from prosecutors for three years and doesn’t violate its settlement agreement. This is a significant development for the bank and its legal challenges.



Read more: Morgan Stanley Agrees to Pay $249 Million to Settle Block-Trading Probes