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. 

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.