Morgan Stanley to Add $7.50 to Customer Injury Accounts

Those who painted the town red because of Morgan Stanley $50 million class-action lawsuit over its mutual fund sales practices can stop their reveling, Investment Executive reports.

Investors hurt by inappropriate sales of B shares, whereas A shares might have been the better choice, can anticipate approximately $7.50 extra to their injured account, as a result of a distribution plan suggested by the Securities and Exchange Commission

Some clients can get anywhere between $400 and $800, but this only applies to those who invested between $500,000 and $1 million.

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Money Management Executive
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