(Bloomberg) -- Morgan Stanley agreed to pay $275 million to resolve a U.S. regulators claim the company misled investors in the sale of more than $2.5 billion of bonds backed by home loans.
The firm, based in New York, misrepresented the delinquency status of subprime loans backing the securities, which were sold in 2007, the Securities and Exchange Commission said today in a statement. The company disclosed the amount of the settlement in February.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access