Morgan Stanley to Pay $490,000 on Violations of CFTC Fund Rules

Morgan Stanley (MS) will pay $490,000 to settle U.S. Commodity Futures Trading Commission claims that the company’s Smith Barney unit violated rules including those governing secured funds of foreign futures and option customers, and commingling customer and firm funds.

The CFTC announced the settlement with New York-based Morgan Stanley in a statement today.

To contact the reporter on this story: Gregory Mott in Washington at

To contact the editor responsible for this story: Gregory Mott at

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